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DBS appoints Dragonfly MD Judy Lee as independent director to board of directors

Felicia Tan
Felicia Tan • 2 min read
DBS appoints Dragonfly MD Judy Lee as independent director to board of directors
Lee is currently also an independent director of Temasek Lifesciences Accelerator and the Commercial Bank of Ceylon.
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DBS Group Holdings announced, on Aug 4, that it has appointed Judy Lee as non-executive and independent director to the boards of the group as well as DBS Bank, effective on the same day.

Lee will also serve as a member of the bank’s audit committee, board risk management committee and compensation and management development committee.

Lee is currently the managing director of New York-based international risk advisory firm, Dragonfly LLC. She is also the CEO of Dragonfly Capital Ventures.

Lee is an American citizen who has a Bachelor of Science in Finance & International Business from NYU Stern Business School. She also has a Master of Business Administration from The Wharton School of the University of Pennsylvania. Photo: DBS

She comes with over three decades of experience in banking, risk management and being an advisor to CEOs.

Before her role in Dragonfly, Lee was partner at global financial services firm Capco and partner at Capital Market Risk Advisors before that.

See also: DBS Bank and Temasek jointly launch US$500 mil growth stage debt financing platform

She is currently also an independent director of Temasek Lifesciences Accelerator and the Commercial Bank of Ceylon. Lee is also a member of the executive board of the Stern School of Business.

“We are delighted to welcome Judy to the boards. Not only does she have extensive and deep insights in banking and risk management, she also has years of experience in sustainable finance and investments,” says Peter Seah, Chairman of DBS Group Holdings and DBS Bank.

“Her visionary leadership will be invaluable to the Board at a time of significant change in our industry, and as DBS seeks to drive the sustainability agenda forward. I look forward to working with Judy to further entrench DBS as a leading digital and purpose-driven bank at the forefront of change,” he adds.

Shares in DBS closed at $30.21 on Aug 3.

Photo: Bloomberg

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