Piyush Gupta

DBS’s New Boss: Tan Su Shan Takes the Reins from Piyush Gupta!

Big changes are coming to DBS as Tan Su Shan is set to replace Piyush Gupta as CEO in 2025! What does this mean for Singapore's largest bank?

After almost 15 years of steadfast leadership, DBS Bank's long-standing CEO, Piyush Gupta, has announced he will be stepping down from his role in March 2025. Gupta, who has been instrumental in transforming DBS into a leading digital bank in Asia, plans to retire at the age of 65. His tenure is marked by significant growth, technological advancements, and a commitment to customer-centric banking, which have solidified DBS's position as Singapore’s largest bank.

Stepping into Gupta's sizable shoes will be Tan Su Shan, who has been appointed as the new CEO. Tan is no stranger to the banking scene; she has held a prominent position as the bank's group head of institutional banking and was recently named deputy CEO. Her extensive experience in consumer banking, wealth management, and institutional banking, backed by exposure in global financial hubs, makes her more than qualified for the challenge ahead. The transition signifies a big change in leadership style but promises continuity through Tan's understanding of the bank’s culture and operational excellence.

It’s no secret that generational shifts in leadership can bring new energy and perspectives to an organization. As Tan Su Shan prepares for her new role, expectations are high for her to innovate and elevate DBS further, especially in the digital banking landscape where the competition is heating up. As Singapore embraces fintech, the bank will need a leader like Tan, who is adept at navigating both traditional banking and modern challenges to continue the bank’s evolution.

In a fun fact for all the DBS fans out there, did you know that Piyush Gupta joined DBS as CEO in 2009 and has since been recognized globally for leading the bank? Plus, under his stewardship, DBS has achieved various accolades including being named "Best Bank in Singapore" multiple times! As we look forward to seeing what Tan Su Shan has in store for DBS, one thing's for sure – team DBS is in for an exciting journey ahead!