DBS Bank's Piyush Gupta will end his nearly 15-year tenure as CEO in March 2025, closing a chapter of transformative leadership for the bank.
DBS has gained global recognition but has also faced issues pertaining to digitalisation
Tan Su Shan has been appointed as the first female CEO of DBS.
Gupta will step down in 2025, marking a major transition in Singapore’s banking industry
DBS CEO Piyush Gupta's planned exit sparks concerns about the bank's future, with stakeholders closely watching the leadership change and the challenges ahead. In 2016, DBS earned the title of "World's Best Digital Bank", a testament to Gupta’s leadership in turning DBS into a significant player on the international scene. Under his leadership, DBS embraced digital transformation, setting new standards for banks across Asia.
However, his tenure was not without challenges. The bank faced significant digital disruptions in 2021 and 2023, leading to regulatory scrutiny. Despite these hurdles, Gupta’s strategic vision and relentless drive played a key role in elevating DBS to a top global position.
The appointment of Tan Su Shan as the next CEO is historic for DBS. As the bank’s first female CEO, she brings extensive experience from her role as group head of institutional banking and her previous tenure at Morgan Stanley before joining DBS in 2010. Her extensive background makes her a fitting successor to Gupta.
Tan is expected to spearhead the digital innovation priorities of the bank while leading it through the shifting landscape of global banking. Her leadership will likely provide a fresh perspective, helping DBS sail through challenges and seize opportunities in a complex financial environment.
As Gupta’s departure ends an era, the industry will closely watch how Tan’s leadership drives DBS toward future success.