DBS Group Announces Tan Su Shan as New CEO
Tan Su Shan to Lead DBS from November 2023
Shan Succeeds Piyush Gupta, Who Held the Role for 13 Years
DBS Group Holdings Ltd (DBS) announced on Wednesday that Tan Su Shan will succeed Piyush Gupta as Chief Executive Officer (CEO) from November 2023.
Shan, currently the firm’s head of institutional banking, will become the first woman CEO in DBS's history.
Gupta's 13-Year Tenure
Gupta, who has held the CEO position for 13 years, will remain with DBS as Senior Advisor until March 31, 2024, to ensure a smooth transition.
Under Gupta's leadership, DBS has grown into Southeast Asia's largest bank by assets.
Shan's Leadership and Vision
Shan has over 30 years of experience in the financial industry, specializing in corporate and institutional banking.
In her role as head of institutional banking, she led DBS's growth in capital markets, debt origination, and advisory services.
Shan is recognized for her strategic thinking, strong leadership qualities, and commitment to innovation.
DBS's Succession Planning
The seamless transition reflects the success of DBS's long-term succession planning process.
The bank has consistently invested in developing its talent pipeline and identifying potential future leaders.
The appointment of Shan as CEO underscores DBS's commitment to diversity and inclusion.
Industry Recognition
DBS has been recognized consistently for its financial performance and innovation.
In 2022, Euromoney named DBS the "World's Best Bank" for the third consecutive year.
The Global Finance magazine also ranked DBS as the "Best Bank in Singapore" for 14 years in a row.
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