The DBS Group announced the change of leadership with the promotion of Anthony Lim to the position of president starting January 1, 2027. Mr. Lim, who has been part of the DBS Board since April 2020, will take over both entities as part of the DBS board reinforcement process. Mr. Lim, who has served on the DBS Board since April 2020, has received significant resources in terms of global financial market experience, including serving as the President of Singapore, London, and New York. He has held high-level positions in the financial options markets of Singapore, London, and New York. Mr. Lim was selected as one of the two independent members of the DBS Board in March 2020 as part of a structured selection process to determine the best candidate for the presidency. The DBS cited Mr. Lim's comprehensive global experience, which included leadership roles in the financial options markets of Singapore, London, and New York, as part of a structured selection process to determine the best candidate for the presidency. Mr. Lim played an important role in the planning of management succession, including the transfer from the previous CEO Piyush Gupta to Tan Su Shan, and initiated the remuneration justice and talent formation at DBS. He also participated in the selection of the Board.

The DBS Group Holdings and DBS Bank celebrated the growth and digitalization of the company during the period of Peter Seah's leadership. The change of leadership at DBS was announced with great enthusiasm by DBS Group Holdings and DBS Bank, which have celebrated the growth and digitalization of the company during the period of Peter Seah.