What happens DBS?
Peter Seah is talking about the next CEO of DBS that shall preferably be a Singaporean. For 20 years, DBS had 4 CEOs after Kee Choe, and all were foreigners. Why? DBS could not find a Singaporean to fit the shoe and only foreigners could? Does DBS have a succession plan to groom its local executives to fill the position? Or is it that all the local talents are simply not good enough? Both reasons are difficult to accept. There must be a succession plan. There must be good locals that can fill the CEO position. We will be a laughing stock if after so many years we still fail to find a local that can become the CEO of its biggest govt bank. The alternative to recruiting Singaporeans as DBS CEO is to find a foreigner and then give him a red passport. I think that could do. We could do likewise for our PM post if we can't find a good enough Singaporeans to fill the shoe.