SINGAPORE: DBS chief executive Piyush Gupta will step down from his position, Singapore's largest bank said in a bourse filing on Wednesday (Aug 7).
He will be succeeded by Ms Tan Su Shan, who was appointed on the same day as deputy CEO, in addition to her current role as group head of institutional banking.
She will succeed Piyush Gupta as CEO when he retires at the next annual general meeting on Mar 28, 2025, the bank said.
Ms Tan has been DBS' group head of institutional banking since 2019. The 56-year-old has been credited with expanding DBS’ consumer banking and wealth management business, which she led after joining the bank in 2010. She had previously worked at Morgan Stanley and Citi.
Outside of DBS, Ms Tan served as a Nominated Member of Parliament from 2012 to 2014. She also sits on the advisory board of Dyson’s family office, Weybourne Holdings.
Ms Tan will be the first female chief executive in the history of DBS.
He will be succeeded by Ms Tan Su Shan, who was appointed on the same day as deputy CEO, in addition to her current role as group head of institutional banking.
She will succeed Piyush Gupta as CEO when he retires at the next annual general meeting on Mar 28, 2025, the bank said.
Ms Tan has been DBS' group head of institutional banking since 2019. The 56-year-old has been credited with expanding DBS’ consumer banking and wealth management business, which she led after joining the bank in 2010. She had previously worked at Morgan Stanley and Citi.
Outside of DBS, Ms Tan served as a Nominated Member of Parliament from 2012 to 2014. She also sits on the advisory board of Dyson’s family office, Weybourne Holdings.
Ms Tan will be the first female chief executive in the history of DBS.
