DBS Group names two independent board directors

CapitaLand’s Anthony Lim and pharma director Punita Lal will join DBS on 1 April.

DBS Group has named two new independent directors to its boards, according to a news release.

Anthony Lim and Punita Lal will join the DBS boards effective 1 April. Lim currently sits on the boards of CapitaLand and CapitaLand Hope Foundation, whilst Lal is an independent director of India-listed pharmaceutical firm Cipla Limited and tyre company CEAT Limited.

In addition to serving on DBS’ main boards, Lim will also be a member of the Risk Management Committee and the Executive Committee.

Lal will be a member of the Compensation and Management Development Committee and, subject to regulatory approval, its Nominating Committee.

The appointments are part of its board renewal process which will see Nihal Kaviratne and Danny Teoh retiring on 31 March.