SINGAPORE: DBS Bank chief executive Piyush Gupta will step down after 15 years at the helm of South-east Asia’s largest bank.

Taking over him is veteran DBS banker Tan Su Shan, who will succeed him in March 2025, when Gupta, 64, retires at the next annual general meeting on March 28.

The board has also appointed Tan as deputy chief executive, in addition to her present role as group head of institutional banking.

Tan, 56, has had more than 35 years of experience in consumer banking, wealth management and institutional banking. Besides Singapore, she has worked in major financial centres such as Hong Kong, Tokyo and London.

She joined DBS in 2010 and spent the first three years building the lender’s wealth management business. She subsequently managed the consumer banking and wealth business and the institutional banking business, which account for 90 per cent of DBS’ income.

She led the day-to-day efforts to operationalise the bank’s digitalisation strategy across the businesses she ran, and has been president commissioner of DBS Indonesia since 2014.

 - ANN