DBS BANK CEO PIYUSH GUPTA WILL STEP DOWN IN MARCH 2025

Singapore's largest bank DBS in a regulatory filing on Wednesday disclosed that its CEO Piyush Gupta will step down in March 2025 and Tan Su Shan will succeed him. Shan is currently serving as the group head of institutional banking. Tan has also been appointed as the deputy CEO with immediate effect.

Gupta, who became the CEO in 2009 after working 27 years at Citigroup, was awarded the Public Service Star by Singapore's President in 2020. The bank was recognized for its technological advancements during his tenure and was named the "World's Best Bank" by several publications, including Euromoney and Global Finance. In 2019, the Harvard Business Review also included DBS in its list of the top 10 most transformative organizations of the decade.

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