Lim Sim Seng appointed as deputy chairman of SIA Engineering

[SINGAPORE] Lim Sim Seng has been appointed as deputy chairman and non-executive independent director of the board of SIA Engineering , effective Wednesday (Apr 8).

The 67-year-old is also appointed as a member of the nominating committee, the compensation and human resources committee and the executive committee, noted a company statement.

He has 42 years of banking experience in Asia, North America and the Middle East, and was previously the group executive responsible for leading DBS Group’s consumer banking and private banking business.

Prior to his time at DBS, Lim was the president and CEO of Nikko Citigroup and a board member of Nikko Citi Holdings in Japan. He also held senior leadership positions in Citigroup.

Currently, he is also the non-executive and independent director of Raffles Medical Group in Singapore, IOI Properties Group in Malaysia and Trust Capital Group in Japan.

Lim is also a senior adviser on the advisory board to Amundi Asset Management Asia, and also serves as Singapore’s high commissioner (non-resident) to Nigeria.

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Shares of SIA Engineering closed 2.7 per cent or S$0.09 higher at S$3.37 on Wednesday before the news.