DBS Q3 net profit declines 5%, appoints Anthony Lim as new chairman

DBS reported a 5% year-on-year decline in its third-quarter net profit, missing market forecasts. The bank also announced the appointment of independent director Anthony Lim as its next chairman, succeeding Peter Seah after a 16-year tenure. This leadership change marks a significant transition for DBS amid its recent financial performance.

Originally published by gnews