“Gupta took the helm of DBS during a challenging period for the bank and successfully elevated its return on equity from to double digits and eventually into the high teens, while also overseeing a fourfold increase in the bank’s share price,” says Makdad.
DBS Group Holdings’ incoming CEO Tan Su Shan is stepping into the role at a time of strength rather than adversity, says Morningstar’s senior equity analyst Michael Makdad. Her challenge, writes Makdad in a March 26 commentary, will be to navigate the bank through “potentially more difficult times” while striving to maintain its high levels of profitability.
Tan will take on the top job after DBS’s annual general meeting on March 28, replacing Piyush Gupta after his 15 years as CEO.
