DBS Chairman Peter Seah to Retire on Dec 31, 2026; Anthony Lim Named Successor

Peter Seah will retire as chairman of DBS' board on December 31, 2026 after 16 years in the role, and Anthony Lim, a current board member, will succeed him from January 1, 2027, The Business Times reported. Seah will serve as senior adviser for a year after his retirement.

Peter Seah's Sixteen Years as DBS Chairman

Seah has been chairman since 2010. DBS said he provided "steadfast leadership and strategic oversight" as the bank pursued digital transformation and growth in high-return businesses. Seah said the board's responsibilities include 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."

Lim has served on the DBS boards since April 2020 and sits on the Board Executive Committee, the Board Risk Management Committee and the Compensation and Management Development Committee. As chairman of that committee, he played a key role in management succession planning, including the CEO transition, as well as remuneration governance and talent development, the bank said. Before retiring from executive roles in 2017, Lim held senior leadership positions at GIC and Bankers Trust, with assignments in Singapore, London and New York. DBS CEO Tan Su Shan said Lim has "consistently brought invaluable perspectives" on geopolitics, risk management, organisational leadership and talent development in board deliberations.

DBS Bank's Scale Behind the Handover

DBS Bank is a Singapore-headquartered group operating across 19 markets, according to akta.pro company records. The same records list FY2025 total income of SGD 22.9 billion, profit before tax of SGD 13.1 billion and net profit of SGD 11.0 billion, and assets under management of SGD 488 billion. The bank's leadership includes Group Chief Executive Officer Tan Su Shan, Chief Financial Officer Chng Sok Hui, Chief Operating Officer Derrick Goh and Chief Risk Officer Soh Kian Tiong.

DBS's Recent Leadership and Business News

On October 30, 2026, The Business Times reported that a DBS survey found 43% of family offices have no next-generation involvement in wealth planning, with founders' desire to stay in control a key hurdle. On the same day, PR Newswire APAC reported that Global Finance named DBS World's Best Digital Bank 2026, the first Asia-headquartered bank to win the accolade in the programme's 27-year history. On October 29, 2026, The Business Times reported that DBS denied rumours of a merger involving its Indonesian subsidiary with Bank Central Asia.