DBS Group Holding, one of Southeast Asia’s largest banks, is undergoing a leadership transition after CEO Piyush Gupta stepped down from the position and is moving forward to retire in the coming Annual General Meeting on March 28, 2025. So, who will be the next CEO ruling over the biggest bank in Asia? – It’s Tan Su Shan – the first female to take over the ruling position for the Southeast Asian Bank.
Tan Su Shan, 56, offers credentials for her new role. She has more than 35 years of experience in consumer banking, wealth management, and institutional banking. Apart from Singapore, she has also worked across financial centres, such as Tokyo, Hong Kong, and London. The announcement caps after years of speculation over who would succeed once Gupta takes on retirement. Tan has shared that she has taken a new appointment in addition to her current role as group head of institutional banking.
DBS is Singapore’s biggest bank and ranked No. 10 on the Fortune Southeast Asia 500 list for 2023. It has expanded its operations in India, Taiwan, and mainland China. DBS has also been recognised for using its advanced technology and making Gupta’s stewardship easy. With Tan Su Shan’s appointment, she will become the first Female CEO in the bank’s history to lead DBS. Before moving to DBS, she worked for Morgan Stanley in 2010.
