Peter Seah Lim Huat, Chairman of DBS Bank

Peter Seah Lim Huat, 64, is a senior banker. He joined the board of directors of DBS Group Holdings and DBS Bank on Nov 16, 2009 and assumed the role of chairman on May 1, 2010. Mr. Peter Seah is also chairman of Singapore Technologies Engineering and Singapore Health Services. He was a banker for 33 years before retiring as vice-chairman and CEO of the former Overseas Union Bank in 2001.

Mr. Peter Seah is a member of the Temasek Holdings Advisory Panel. He also serves on the boards of CapitaLand, Starhub, STATS ChipPAC and the Government of Singapore Investment Corporation. Among other appointments, he is also a board member of the Defense Science and Technology Agency.

He is chairman of the Executive Committee of DBS Group as well as member of the Board Risk Management Committee, Audit Committee, Compensation and Management Development Committee, and Nominating Committee.

He is also chairman of DBS Bank (Hong Kong) and chairs its Board Risk Management Committee.

About DBS Bank

DBS, headquartered in Singapore, is a leading financial services group in Asia, with businesses across 15 markets. By total asset value, DBS is the biggest bank in Singapore and a leading bank in Hong Kong. Its AA- and Aa1 credit ratings are among the highest for banks in the Asia-Pacific region.

DBS is the first Singapore bank and one of a few foreign banks that have established local incorporated banks in China. DBS Bank (China) opened on May 28, 2007. The establishment of DBS Bank (China) indicates DBS’ long-term commitment to the Chinese market. It is also an important move in DBS’ development strategy to become a leading bank in Asia.

DBS first entered China in 1993 when it set up its representative office in Beijing. In 1995, DBS set up its first China branch in Shanghai. In 1998, as one of the first 10 foreign banks, it won the license to operate in Renminbi.

In the past years, DBS has helped many Asian enterprises develop in the Chinese market. It has also helped many Chinese enterprises expand into the Asian market. As a leading Asian bank, DBS has a full range of commercial and corporate banking services. It has helped enterprises grasp opportunities in the fast-growing Chinese market and the recovering Asian markets.

In 2005, DBS officially began to provide preferential wealth management and personal banking services at its Shenzhen branch. In 2006, it set up another branch in Shanghai, a milestone in the bank’s development.