Singapore-based DBS has announced a successor to CEO Piyush Gupta, who had previously decided to retire at the age of 65.
DBS has appointed Tan Su Shan as deputy CEO and, effective March 2025, as CEO, chairman Peter Seah announced during a media briefing attended by finews.asia, succeeding Piyush Gupta who has worked at the Singaporean bank for 15 years.
Tan is currently group head of institutional banking and was previously DBS’ group head of consumer banking and wealth management. Prior to joining DBS in 2010, she worked at Morgan Stanley and Citi. She was also previously a nominated member of parliament in Singapore.
Gupta had previously expressed his desire to work until he becomes 65 years old, according to Seah, which is an age he will reach in 2025. Gupta has been working in the banking industry for over four decades. Before starting his 15-year run at DBS, he worked at Citi for 27 years, last as its Southeast Asia chief.
