Change - Announcement of Appointment::Appointment of Non-Executive and Independent Director

Issuer & Securities

Issuer/ Manager
DBS GROUP HOLDINGS LTD
Securities
DBS GROUP HOLDINGS LTD - SG1L01001701 - D05
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
25-Apr-2023 17:13:31
Status
New
Announcement Sub Title
Appointment of Non-Executive and Independent Director
Announcement Reference
SG230425OTHR8JB6
Submitted By (Co./ Ind. Name)
MARC TAN
Designation
GROUP SECRETARY
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive and Independent Director - Mr David HO Hing Yuen

Additional Details

Date Of Appointment
26/04/2023
Name Of Person
David HO Hing Yuen
Age
63
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board has reviewed the Nominating Committee's recommendations and assessment of Mr Ho's skillsets, experience and independence, and is satisfied that he will be able to contribute to the Board. Accordingly, the Board approved the appointment of Mr Ho as a non-executive and independent Director, and also approved his appointment as a member of each of the Board Risk Management Committee, the Board Sustainability Committee and the Compensation and Management Development Committee.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director
Professional qualifications
Bachelor of Applied Science Degree (Honors Systems Design Engineering), University of Waterloo, Canada

Master of Applied Science Degree (Management Sciences), University of Waterloo, Canada

Directors' Consortium program, Stanford Graduate School of Business, USA
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
April 2014 to December 2020
Chairman and CEO, Kiina Systems Limited

January 2017 to December 2019
Founding Partner and Chairman, CRU Capital

April 2007 to July 2019
Chairman and CEO, Kiina Business Services Limited

November 2010 to December 2018
Senior Advisor, Permira Advisors LLP

December 2004 to October 2015
Vice President/ President/ Board member,
Asia America MultiTechnology Association - China Chapter (non-governmental organisation)
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
January 2016 to May 2022
External Director of the Board, China COSCO Shipping Corporation Limited

April 2014 to December 2020
Chairman and CEO, Kiina Systems Limited

February 2016 to July 2020
External Director of the Board, China Mobile Communications Corporation Limited

June 2014 to June 2020
Independent and Non-executive Director ("INED"), COL Digital Publishing Group Co., Ltd.

May 2018 to May 2020
INED, nVent Electric Plc

January 2017 to December 2019
Founding Partner and Chairman, CRU Capital

April 2007 to July 2019
Chairman and CEO, Kiina Business Services Limited

November 2010 to December 2018
Senior Advisor, Permira Advisors LLP

May 2007 to April 2018
INED, Pentair Plc
Present
Other listed companies:
1. Sun Life Financial, Inc., Independent and Non-executive Director ("INED")
2. Qorvo, Inc., INED
3. Air Products and Chemical, Inc., INED

Other principal commitments:
4. DBS Bank (Hong Kong) Limited, INED
5. Kiina Investment Limited, Founder and Chairman
6. Kiina Ventures, Inc., Chairman
7. Sun Life Assurance Company of Canada, INED
8. Noval Inception Philanthropy (non-governmental organisation), Chief Fundraising Officer

Note: Mr David Ho will step down from the board of DBS Bank (Hong Kong) Limited with effect from 26 April 2023.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
DBS Group Holdings Ltd will arrange for Mr David Ho to attend the prescribed training on the roles and responsibilities of a director of a listed issuer.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not applicable