IOI Properties Appoints Former DBS Bank Executive As Director

IOI Properties Group Bhd appointed Lim Sim Seng former DBS Bank Ltd’s executive as independent non-executive director effective Jan 1, next year.

In a Bursa filing today (Dec 28), the group said Lim, 65, officially retired from executive responsibilities at DBS Bank Ltd on 31 March 2023.

“He was subsequently appointed as a DBS Group senior advisor, effective 1 April 2023. Before his retirement, he served as the group executive responsible for leading DBS’ consumer banking and wealth management business.

“Prior to that role, he was DBS’ first country head with dedicated responsibility for the Singapore franchise. In this capacity, he focused on delivering enhanced synergy and value within the Singapore franchise,” it said.

The group said Lim currently serves as the DBS Vickers Securities Private Holdings chairman and holds the position of independent non-executive director on the boards of Singapore Technologies Engineering Ltd and Raffles Medical Group Ltd.

In his 40 years of banking experience, Lim, who is a Singaporean, spent his career in Asia, North America and Middle East.

“Prior to joining DBS, he served as the Nikko Citigroup Ltd president and chief executive officer and was a board member of Nikko Citi Holdings Inc in Japan, where he oversaw corporate and investment banking, among others, in Citigroup Japan.

“Additionally, he represented DBS’s interests as a member of the board of directors at Nikko Asset Management Co., Ltd. in Japan from September 2011 to December 2020.”

It added: “In August 2014, he was appointed as Singapore Land Authority chairman and served in this capacity until August 2020.

“Presently, he continues to serve the Singapore government in two roles, Singapore High Commissioner (Non-Resident) to the Federal Republic of Nigeria, and Board of Directors chairman at the Building and Construction Authority (BCA).

Source: Business Today