Rising women power will not shield Singapore companies from fierce headwinds

WOMEN are busy smashing glass ceilings abroad and at home. Vice-President Kamala Harris could be the first woman to lead the United States if she wins in November’s presidential election.

Currently, two of Europe’s strongest leaders are president of the European Commission Ursula von der Leyen and Prime Minister of Italy Giorgia Meloni. France may have its first female president if Marine Le Pen prevails in 2027.

At home, DBS – Singapore’s largest company by market capitalisation – announced that Tan Su Shan will become its new chief executive officer next March. She will be the bank’s first female chief executive. When Tan assumes the helm, females will lead two of the listed local banking trio that dominate the local bourse, with the other being Helen Wong, group CEO of OCBC . UOB will then be the exception with a male chief executive.