Market Chatter: DBS Works on Succession Planning of Chairman

MT Newswires08-19 15:45

DBS Group (SGX:D05) is considering a succession plan for Chairman Peter Seah, who has headed the Singapore lender's board for over 16 years, Bloomberg News reported Wednesday, citing people familiar with the matter.

He also chairs DBS' Hong Kong unit and Singapore Airlines, and is a board member of GIC and the Council of Presidential Advisers.

In response to MT Newswires' request for a comment, DBS said Seah continues to serve as its non-executive chairman.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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