DBS CEO Piyush Gupta to step down in March 2025

His successor will be Tan Su Shan, the bank's current deputy CEO and head of institutional banking.  

By  Storyboard18Aug 8, 2024 9:16 AM
DBS CEO Piyush Gupta to step down in March 2025
In a show of accountability for service disruptions that plagued the bank, Gupta took a 30% pay cut in 2023. (Image source: CNBC TV18)

Piyush Gupta, the Indian-born Chief Executive Officer of Singapore's financial institution, DBS Group, has announced his impending departure. Gupta, who has held the position since 2009, will step down in March 2025. His successor will be Tan Su Shan, the bank's current deputy CEO and head of institutional banking.  

Gupta's tenure at DBS has been marked by significant achievements. Under his leadership, the bank has gained global recognition for its technological advancements, earning titles such as "World's Best Bank" from esteemed publications like Euromoney and Global Finance. DBS was also included in Harvard Business Review's top 10 most transformative organizations of the decade.  

In a show of accountability for service disruptions that plagued the bank, Gupta took a 30% pay cut in 2023. His total compensation decreased from SGD 15.4 million in 2022 to SGD 11.2 million last year.  

Tan Su Shan, Gupta's designated successor, brings a wealth of experience to the role. With over 35 years in the banking industry, she has held leadership positions across various financial hubs, including Hong Kong, Tokyo, and London.  

First Published on Aug 8, 2024 9:16 AM

More from Storyboard18

Brand Makers

ITC invests Rs 131 crore in Ample Foods, boosts stake to 43.75%

ITC invests Rs 131 crore in Ample Foods, boosts stake to 43.75%

Brand Makers

Coupang appoints Sandeep Karwa as new Country Head for Taiwan

Coupang appoints Sandeep Karwa as new Country Head for Taiwan

Brand Makers

Marico's EVP & Head of Digital Business Koteshwar L N steps down

Marico's EVP & Head of Digital Business Koteshwar L N steps down

Brand Makers

Tata Motors' auto sales dip 5.4% in Q1 2025, exports rise 24.5%

Tata Motors' auto sales dip 5.4% in Q1 2025, exports rise 24.5%

Brand Makers

From Zepto's Aadit Palicha to Ashneer Grover, startup founders, investors hit back at Piyush Goyal's jibe

From Zepto's Aadit Palicha to Ashneer Grover, startup founders, investors hit back at Piyush Goyal's jibe

Brand Makers

Mamaearth's parent Honasa wins legal battle against distributor RSM in Dubai's top court

Mamaearth's parent Honasa wins legal battle against distributor RSM in Dubai's top court

Brand Makers

Motorola appoints Gagandeep Bedi as Head of Marketing- Motorola Mobility India

Motorola appoints Gagandeep Bedi as Head of Marketing- Motorola Mobility India

Brand Makers

PUMA appoints ex-Adidas sales head as CEO, announces leadership changes

PUMA appoints ex-Adidas sales head as CEO, announces leadership changes