DBS announced the news on Aug 7, at the start of its results briefing for 1HFY2024, which ended June 30. In her introductory speech to the media, Tan highlighted the "4Cs" — culture, customers, collaboration and continuity.
DBS Group Holdings CEO Piyush Gupta will step down in March 2025, concluding a tenure that began in November 2009 and will last nearly 16 years. The bank has appointed Tan Su Shan as deputy CEO in addition to her present role as group head of institutional banking.
Tan, who will be the first CEO appointed from within DBS, joined the bank in 2010. She has experience in wealth management, consumer banking and institutional banking, including the wholesale and other divisions that make the largest contribution to DBS’s earnings. She will succeed Gupta, who is set to retire at the bank’s next AGM on March 28, 2025. Like Gupta, Tan is also a former Citibank employee.
