Olivier Lim Tse Ghow took over as the new lead independent director of DBS Group Holdings from Ho Tian Yee with effect from Wednesday, the mainboard-listed bank announced in a bourse filing. 

Ho, who was appointed as the Lead Independent Director and the Chairman of the Nominating Committee (NC) on 16 November 2018, has been re-designated as a Non-Executive Director on 29 April 2020 after completing nine years of service as an Independent Director. 

In addition, Ho has stepped down from the NC, and Tham Sai Choy has taken over from Ho as the NC Chairman, on 29 April 2020.

In March, DBS had announced the appointment of two new Independent Directors, Anthony Lim, 61, and Punita Lal, 57. Both joined the DBS Boards on 1 April 2020.

With the changes, the composition of the DBS Boards, which have 11 members and are majority independent, is as follows.