Business · Companies · 2 hrs ago
DBS names Anthony Lim chairman as Peter Seah retires
Singapore bank DBS named Anthony Lim its next chairman on Thursday.
Peter Seah will retire after 16 years as chairman on Dec 31, then serve as a senior adviser for one year.
Lim, 68, has been on DBS's boards since 2020 and currently leads its compensation and management development committee.
DBS grew through digital transformation and higher-return businesses under Seah, with the bank saying its income more than tripled and net profit grew more than fourfold during his chairmanship.
Quarterly earnings missed analyst estimates as a drop in markets trading income offset gains from lending and wealth.
Lim takes over on Jan 1, 2027, as DBS continues its board renewal.
DBS Group Holdings reported third-quarter profit that fell 5%, according to the story headline.
The bank’s quarterly earnings missed analyst estimates.
A drop in markets trading income dampened gains from lending and wealth.
DBS also announced a new chairman, according to Bloomberg.
- Who
- DBS Group Holdings.
- What
- Its third-quarter profit fell 5% and quarterly earnings missed analyst estimates.
- When
- Third quarter; the articles were published on Nov 4 and Nov 5, 2026.
- Where
- Not stated.
- Why
- A drop in markets trading income dampened gains from lending and wealth.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Profit change
- Fell 5%
- Earnings
- Missed analyst estimates
- Trading income
- Markets trading income dropped
- Offsetting gains
- Lending and wealth gains were dampened by the trading drop