DBS Group Holdings (DBSH) said today it is appointing a new Non-Executive and Independent Director to the Boards of DBSH and DBS Bank. Ms Judy Lee, 53, will join the boards effective 4 August 2021.

Ms Judy Lee

In addition to serving on DBS’ main boards, Ms Lee will also serve as a member of their Audit Committee, Board Risk Management Committee, and Compensation and Management Development Committee.

Ms Lee is currently the Managing Director of Dragonfly LLC, an international risk advisory firm based in New York. Concurrently, she is CEO of Dragonfly Capital Ventures LLC, which develops and invests in renewable energy in Southeast Asia.

She brings with her over 30 years of experience as a banker, risk management expert and advisor to CEOs. Within banking, she has worked in trading, capital markets and derivatives. In quantitative risk management she has been a pioneer, practitioner and advisor across all risk types and industries.

Before Dragonfly, she was a partner at Capco, a global financial services solutions firm. Prior to that, she was a partner at Capital Market Risk Advisors, a strategy and risk management consulting firm. At Bankers Trust, she was a key member of the pioneering team that developed quantitative risk methodologies in the late 1980s, the first in the market and now an industry standard.

Ms Lee is currently an independent director of Commercial Bank of Ceylon PLC. She is also an independent director of Temasek Lifesciences Accelerator Pte Ltd. and a member of the Executive Board of the Stern School of Business, New York University. She previously served as Board Director of Solar Frontier, a renewable energy subsidiary of Showa Shell Sekiyu, now Idemitsu.

An American citizen, she holds a Bachelor of Science in Finance & International Business from NYU Stern Business School, and a Master of Business Administration from The Wharton School of the University of Pennsylvania. She also attended the Advanced Management Program as well as the Women on Boards Program at Harvard Business School.

Said Peter Seah, Chairman of DBSH and DBS Bank, “We are delighted to welcome Judy to the boards. Not only does she have extensive and deep insights in banking and risk management, she also has years of experience in sustainable finance and investments. Her visionary leadership will be invaluable to the Board at a time of significant change in our industry, and as DBS seeks to drive the sustainability agenda forward. I look forward to working with Judy to further entrench DBS as a leading digital and purpose-driven bank at the forefront of change.”

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About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 12 consecutive years from 2009 to 2020.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

DBS names new Independent Director to Board of Directors