Transfers & Postings · BFSI
DBS Group has named independent director Anthony Lim as its next chairman, effective 1 January 2027, as long-serving chairman Peter Seah prepares to retire after 16 years in the role.
✦ AI SUMMARY 30-second read
- Anthony Lim, 68, will become DBS Group chairman on 1 January 2027, having served on the board since April 2020.
- Peter Seah, who has chaired DBS since May 2010, will retire from the board on 31 December 2026 and then serve as senior adviser for one year.
- Lim currently chairs DBS' Compensation and Management Development Committee and sits on its Board Executive Committee and Board Risk Management Committee.
Why it matters: The transition marks the end of a 16-year tenure for Seah and installs a chairman with extensive global financial markets and risk management experience.
This summary was generated by AI. Editors may review and update it.
DBS Group announced on 5 November 2026 that Anthony Lim will assume the chairmanship of the bank on 1 January 2027. The announcement was made alongside the bank's third-quarter financial results.
Lim, 68, joined the DBS board as an independent director on 1 April 2020 as part of a board renewal exercise. He succeeds Peter Seah, who has chaired DBS since May 2010 and will retire from the board on 31 December 2026 before moving into a senior adviser role for one year.
The key appointment
DBS said Lim was selected through a structured board succession planning process, with the board and nominating committee determining he was best suited for the chairmanship. The bank cited his understanding of its culture and strategy, extensive financial markets experience, global perspective and risk management expertise as the basis for the choice.
CEO Tan Su Shan noted that Lim had consistently contributed perspectives on geopolitics, risk management, organisational leadership and talent development during board deliberations.
Lim currently chairs DBS' Compensation and Management Development Committee, where he has played a key role in management succession planning, including the transition from former CEO Piyush Gupta to Tan Su Shan, who took over in March 2025. He also sits on the Board Executive Committee and Board Risk Management Committee.
Career before DBS
Before joining the DBS board, Lim spent 19 years at GIC, Singapore's sovereign wealth fund. He joined GIC in 1998 as president of its London office and was appointed president for the Americas in September 2009, based in New York. In that role he was GIC's most senior representative across North, Central and South America. He held that position until December 2017, when he retired from executive roles.
Prior to GIC, Lim was a senior managing director at Bankers Trust Company, where he held management and trading positions in its global markets division in Singapore and London from 1987 to 1998. Earlier still, he worked at the Monetary Authority of Singapore, spending three years in its New York office; his last position there was head of the Foreign Exchange, Gold and Liquidity Division.
Other roles
Lim currently serves as an independent director of CapitaLand Investment and sits on the boards of the Central Provident Fund, CapitaLand Hope Foundation and NorthLight School. He is also a senior international adviser to Temasek International Advisors and a member of the Queensway Secondary School Advisory Committee. In January 2022, he was appointed Singapore's first non-resident ambassador to Colombia.
Lim holds a Bachelor of Science degree from the National University of Singapore and attended the Advanced Management Program at Harvard Business School.
About the key officers
Anthony Lim
| New post | Chairman, DBS Group |
|---|---|
| Previous post | Independent Director, DBS Group |
| Education | Bachelor of Science, National University of Singapore; Advanced Management Program, Harvard Business School |
| Career so far | Lim spent 19 years at GIC, serving as president of its London office from 1998 and as president for the Americas from September 2009 until December 2017. Before GIC, he was a senior managing director at Bankers Trust Company from 1987 to 1998, and earlier held positions at the Monetary Authority of Singapore including head of the Foreign Exchange, Gold and Liquidity Division. |
| Notable work | As chairman of DBS' Compensation and Management Development Committee, he played a key role in the management succession from former CEO Piyush Gupta to CEO Tan Su Shan. |
Peter Seah
| New post | Senior Adviser, DBS Group |
|---|---|
| Previous post | Chairman, DBS Group |
| Career so far | Seah has chaired DBS since May 2010 and will retire from the board on 31 December 2026 after 16 years in the role. |
Tan Su Shan
| Career so far | Tan Su Shan became CEO of DBS Group in March 2025. |
|---|
Piyush Gupta
| Previous post | CEO, DBS Group |
|---|---|
| Career so far | Gupta served as CEO of DBS Group between 2009 and 2025. |
