Peter Seah to retire as DBS chairman after 16 years; Anthony Lim to succeed him
Peter Seah will retire as chairman of DBS Bank on December 31, 2026, after 16 years in the position. Board member Anthony Lim has been named as his successor, effective January 1, 2027.
Why it matters
Leadership transitions at major financial institutions like DBS are significant for regional economic stability and corporate governance in the Asian banking sector.
Currently a board member, Lim will assume the chairmanship on Jan 1, 2027
[SINGAPORE] Peter Seah will retire as chairman of DBS’ board after 16 years in the role, the bank said in a filing on Thursday (Nov 5), the same day it released its third-quarter results .
He will be succeeded by Anthony Lim, a current board member , on Jan 1, 2027.
Seah, 80, will retire on Dec 31, 2026, and will be appointed senior adviser for a year.
He noted that one of the board’s most important responsibilities is ensuring continuity of leadership.
“Having completed the CEO transition to Su Shan, the bank is now entering its next chapter from a position of strength,” he said.
“I am therefore able to hand over the reins to Anthony with confidence, knowing that DBS is in very capable hands.”
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