Money & Banking

DBS Group inducts Kaviratne, Yee on board

| | Updated on: Apr 28, 2011

DBS Group Holdings has appointed consumer goods veteran Nihal Kaviratne and banker and investment manager Ho Tian Yee to the group’s board.

DBS Group said both persons will compliment and strengthen the overall composition of the board, the Singapore-based entity said in a statement.

Mr Kaviratne, 67, has served four decades at Unilever Group where he held several senior level management positions across Asia, Europe, and Latin America. He retired from Unilever Group in March 2005.

58-year-old Mr Ho has 30 years of experience in managing and investing in global financial markets.

He is a principal shareholder and managing director of Pacific Asset Management, where he oversees the management of the company and assumes responsibilities for all investment decisions and risks.

“Both are well-respected stalwarts in their fields. Nihal’s solid credentials in the FMCG sector in markets such as India and Indonesia will serve us well as we strengthen our consumer banking franchise across the region.

“Tian Yee’s many years of experience as a banker and risk manager also make him an invaluable addition to the board as banks today operate in an increasingly complex, fast-changing and highly-regulated environment,” the Chairman of DBS Group Holdings and DBS Bank, Mr Peter Seah, said.

With this appointment, the group’s board of directors now comprises nine members.

Published on April 28, 2011

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