Piyush Gupta, the Chief Executive Officer (CEO) of DBS, has stepped down from his position, handing over the reins to Tan Su Shan, who has now become the first female CEO of the bank. Gupta, who is of Indian origin, has led the bank for 15 years, playing a significant role in its growth and success.
Under Gupta’s leadership, DBS achieved a record-breaking performance in 2024. The bank’s full-year net profit rose 11% to SGD 11.4 billion, with a return on equity (ROE) of 18%, as per the bank’s annual report released earlier this month. This remarkable performance is a testament to Gupta’s vision and leadership.
As Gupta hands over the baton to Tan Su Shan, he leaves behind a legacy of growth, innovation, and success. Tan Su Shan, the new CEO, brings a fresh perspective and set of skills to the role, and it will be exciting to see how she shapes the bank’s future.
The news of Gupta’s departure and the appointment of Tan Su Shan, the first female CEO of DBS, is significant not only for the bank but also for the financial industry as a whole. It marks a significant milestone in the journey towards diversity and inclusion, showcasing that women can climb to the highest echelons of leadership in the industry.
DBS!