DBS names Tan Su Shan as deputy CEO; will succeed Piyush Gupta in 2025

An internal evaluation by DBS found Tan the strongest of all candidates for CEO.

DBS appointed Tan Su Shan as deputy CEO and announced that she will succeed Piyush Gupta as CEO next year.

Gupta, who has been CEO and director of DBS Group since 2009, will retire at the next annual general meeting on 28 March 2025.

Tan is presently the group head of institutional banking for DBS. She first joined the bank in 2010, spending the first three years building the foundations of the bank’s wealth management business. 

She has been President Commissioner of DBS Indonesia since 2014.

DBS shared that in choosing Gupta’s successor, a “strong field of internal candidates was put through an extended development programme to develop their experience, exposure and skills for the role.” 

Following the evaluation, Tan was deemed the strongest of all the candidates, the bank stated in a press release.

Gupta hailed Tan’s decade-long work in DBS, saying that she was instrumental in building DBS’ wealth management, consumer banking, and institutional banking businesses, and operationalised DBS’ digitalisation strategy. 

“With her appointment, we can be assured that the trajectory of DBS’ transformation will continue well into the future,” Gupta said.

Tan said that she is “deeply honoured” to be selected as next CEO.

“Leading the continued transformation of DBS is a tremendous privilege and responsibility,” Tan said.

She recalled how she joined DBS– when Gupta himself called her to persuade her to join the bank. “I responded to that call and quit the foreign bank I was working at the next day,” she said. 

“The last 14 years have been a tremendous ride. I am proud of the founding mission of DBS – financing Singapore’s growth – and will continue to ensure that it is a brand that stands tall not just in Asia but also the world stage,” Tan said.