The Business Times
business-time-50
HOCK LOCK SIEW

Possible CEO changes at DBS, UOB should be seen as positive

While change involving a long-serving leader is tricky, the banks are well placed to handle succession

google-preferred-sourceAdd BT as a preferred source
Leslie Yee

Leslie Yee

Published Thu, Jun 27, 2024 · 05:00 AM
    • While shareholders may be fine with the CEOs of DBS and UOB staying in their roles for many more years, there are positives to having leadership change occur soon.
    • While shareholders may be fine with the CEOs of DBS and UOB staying in their roles for many more years, there are positives to having leadership change occur soon. PHOTO: BT FILE

    CHANGE occurred at the apex of Singapore’s financial sector when Chia Der Jiun succeeded Ravi Menon as the managing director of the Monetary Authority of Singapore (MAS) early this year. 

    Menon was the central bank’s longest serving managing director, having led it since 2011. During Menon’s tenure, MAS won numerous accolades.

    Are more high-level changes in Singapore’s finance sector forthcoming? The chief executive officers of DBS and UOB are older than Menon, and have been in place since September 2009 and April 2007, respectively.

    BanksDBSUOBPiyush GuptaWee Ee CheongleadershipHock Lock Siew

    TRENDING NOW

    Liang’s net worth more than doubled to US$36 billion, from around US$16.7 billion, according to the Bloomberg Billionaires Index. 

    DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator

    Targeted for completion in 10 months, the oil terminal will comprise two floating-roof tanks that can store 3.5 million litres of diesel and 2.5 million litres of petrol.

    Singapore fuel distributor Global Group doubles down on Timor-Leste with US$10 million oil terminal

    Philippine’s Maharlika support for Petron through a credit facility shows the sovereign fund’s role in the nation’s energy security.

    Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature

    More interest in prime condos comes amid a softening in the broader private residential market.

    Flight to safety: New citizens and PRs drive Singapore luxury home sales as broader market cools

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More