DBS Group Holdings CEO Tan Su Shan earned $9.6 million for the financial year ended Dec 31, 2025, after succeeding former chief Piyush Gupta on March 28, 2025.
Tan’s remuneration comprised a base salary of $975,250, a cash bonus of $3.7 million, $4.9 million in deferred awards, and $68,694 in non-cash benefits, including club, car, and driver perks. About 17% of the deferred awards will be paid in cash, with the remainder delivered in shares.
Gupta, who stepped down after more than 15 years at the helm, received $4.2 million for FY2025. In his final full year, DBS reported a record net profit of $11.4 billion for FY2024.
For FY2025, DBS posted net earnings of $11 billion, down 3% year-on-year and falling short of Bloomberg consensus estimates of $11.37 billion. Fourth-quarter earnings fell 10% y-o-y to $2.36 billion, missing estimates of $2.6 billion. During the year, the bank also set new highs in total income of $22.9 billion and profit before tax of $13.1 billion, with return on equity at 16.2%.
In her first CEO reflections, Tan said the bank will continue leveraging its core strengths as a “dependable, diversifier, digital and disruptor bank” amid an “increasingly fragmented, volatile and complex” environment. The strategy includes managing the bank’s balance sheet “nimbly”, growing key businesses including trade, payments, wealth, and tokenisation, and harnessing artificial intelligence (AI) to drive growth while maintaining cost discipline.
CFO Chng Sok Hui flagged 2026 as likely to remain volatile due to geopolitical fractures, tariffs, and fiscal and monetary shifts. She said these trends are prompting clients to prioritise resilience and partner with stable, trusted banks, and added that DBS is well positioned to navigate the challenges.
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DBS's top shareholders
As at Feb 10, Temasek Holdings a total of 802.97 million shares in the bank, representing a stake of 28.3%. This includes the shares in Maju Holdings, a wholly-owned subsidiary, which owns 484.8 million shares in the bank representing a 17.08% stake.
DBS will hold its annual general meeting (AGM) on March 31.
