Piyush Gupta Steps Down as DBS Chief After Transformative Leadership

Piyush Gupta, the outgoing CEO of DBS Bank, revolutionized the bank's operations over his 15-year tenure, transforming it into a global financial powerhouse. His successor, Tan Su Shan, is expected to continue this trajectory. Despite notable accomplishments, Gupta's leadership faced challenges, including digital disruptions affecting his compensation.

Piyush Gupta, the esteemed CEO of DBS Bank, has resigned after a transformative 15-year leadership. Under Gupta, DBS advanced significantly, becoming a leading global financial institution and earning numerous accolades, including being named World's Best Digital Bank and World's Best Bank multiple times.

Tan Su Shan, previously deputy CEO and the first woman to hold the bank's top position, has taken over as CEO. She is expected to maintain DBS' strategic focus on high return on equity and global expansion, according to The Straits Times.

Gupta, who was born in Meerut and is now a Singaporean citizen, departs at a high point in the bank's history, with record profits reported in 2024 and a significant rise in market capitalization. DBS faced challenges during Gupta's tenure, including digital disruptions, which led to a salary cut for him in 2023.

(With inputs from agencies.)