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
07-Nov-2017 08:01:44
Status
New
Announcement Sub Title
Appointment of Non-Executive and Independent Director
Announcement Reference
SG171107OTHRXC6H
Submitted By (Co./ Ind. Name)
GOH PENG FONG
Designation
GROUP SECRETARY
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive and Independent Director - Mr Lim Tse Ghow Olivier

Additional Details

Date Of Appointment
07/11/2017
Name Of Person
Lim Tse Ghow Olivier
Age
53
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board had considered the Nominating Committee's recommendation and assessment on his background and experience and also undertook an assessment of the independence of Mr Lim, and is satisfied that he can contribute to the Board.
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
Member of the Board Risk Management Committee
Member of the Compensation and Management Development Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
January 2013 to September 2014
Group Deputy Chief Executive Officer,
CapitaLand Limited

February 2012 to January 2013
Chief Investment Officer,
CapitaLand Limited

August 2011 to February 2012
Senior Vice President,
Strategic Corporate Development,
CapitaLand Limited

July 2005 to August 2011
Group Chief Financial Officer,
CapitaLand Limited
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?
Yes
Shareholding Details
10,000 ordinary shares in DBS Group Holdings Ltd
# 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)
1. CapitaMalls Asia Limited (previously listed on SGX)
2. Neptune Orient Lines Limited (previously listed on SGX)
3. CapitaCommercial Trust (SGX listed REIT)
4. CapitaMall Trust Management Limited (SGX listed REIT)
5. Australand Holdings Limited (ASX listed)
Present
Listed:
1. Raffles Medical Group Ltd
2. Banyan Tree Holdings Limited

Unlisted:
3. Certis CISCO Security Pte. Ltd.
4. Frasers Property Australia Pty Ltd
5. globalORE Pte. Ltd.
6. Jurong Town Corporation (JTC)
7. Singapore Management University
8. NorthLight School
9. Securities Industry Council
10. KWL Intelligence Pte. Ltd.
11. Lucid Investments Ltd
(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 a listed company?
Yes
If Yes, Please provide details of prior experience
Mr Olivier Lim is a director of Banyan Tree Holdings Limited (listed on SGX) and Raffles Medical Group Ltd (listed on SGX).

Mr Lim was a director of CapitaMalls Asia Limited (previously listed on SGX).

Mr Lim was a Chairman of Australand Holdings Limited (listed on ASX), and was a director of Neptune Orient Lines Limited (previously listed on SGX).

Mr Lim was also a director of the following companies which are managers of REITs listed on SGX:

a) CapitaCommercial Trust Management Limited
b) CapitaMall Trust Management Limited
c) CapitaRetail China Trust Management Limited