Ex-Pepsi and GIC Heavyweights Join DBS Board

A seasoned financier and a consumer goods veteran join DBS’s board in a time of «intense competition for digital and sustainability leadership».

Anthony Lim and Punita Lai join the board of DBS effective April 1 this year, according to a statement. The two join as part of a «renewal process» that will also see existing board members Nihal Kaviratne and Danny Teoh retiring on 31 March 2020.

In addition to serving the board, Lim will also become a member of the DBS’s board risk management committee and its executive committee. Lai will become a member of the bank’s compensation and management development committee and, subject to approval, its nominating committee.

Lim spent nearly two decades with GIC before his retirement in 2017 in senior roles including president of the London office and New York-based president of the Americas. Previously, he was a senior managing director at Bankers Trust Company where he spent more than a decade after a three-year stint with the Monetary Authority of Singapore’s New York-based office.

Lai joins with 30 years of consumer goods experience with a focus on strategy, marketing and leadership. Her previous experience includes working for Coca Cola in China and PepsiCo in India.

Lim is a seasoned financial markets professional with extensive global experience, while Lai brings with her a wealth of experience in the consumer goods sector, honed in Asia’s two biggest markets, China and India, said Peter Seah, DBS’s chairman. «Their solid credentials make them strong additions to the DBS Boards at a time of intense competition for digital and sustainability leadership.»