DBS Group Holdings has appointed Chng Kai Fong as a non-executive non-independent director. He will also be a member of the board audit and nominating committees.

SEE:DBS: You can bank on this stock in the event of a recovery

Chng currently serves as managing director of the Singapore Economic Development Board. Previously, he was the principal private secretary to the prime minister. He also served as a director at the Ministry of Trade and Industry.

Shares in DBS closed 9 cents or 0.32% higher at $28.59 on March 26.