After steering DBS Bank for 15 years, its CEO Piyush Gupta is set to retire and hand over power to his successor Tan Su Shan.
He will step down at the end of the bank's 26th annual general meeting on Friday (March 28).
Under his leadership, DBS Bank has undergone digital transformation, improved its technology architecture from back-end systems to customer interfaces, and implemented structural changes.
Since 2009, under his leadership and as of the close on March 27, the bank's share price has risen nearly 270% to S$46.58.
In 2024, DBS Bank's return on equity more than doubled to 18%, compared to about 8% to 9% when he first took office.
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