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DBS Appoints New CEO

To expand footprint in Asia

DBS Group Holdings has appointed Piyush Gupta as its new CEO. Mr. Gupta’s appointment is subject to regulatory approval, and is likely to join the bank in November 2009.

 

Mr. Gupta spent over two-thirds of his 27-years career in South East Asia and Hong Kong, including eight years in Singapore.

 

Mr. Gupta is currently Citi’s CEO for South East Asia-Pacific, covering ASEAN (Singapore, Malaysia, Philippines, Indonesia, Thailand, Vietnam and Brunei) as well as Australia, New Zealand and Guam. In this role, his responsibilities encompass all of Citi’s businesses including financial markets, corporate and investment banking, transaction services, credit cards, retail banking and wealth management.

 

Koh Hwee, chairman of DBS, said: My fellow directors and I are delighted that Piyush will be joining the bank. He is a versatile and experienced banker who has spent the last 20 years in South East Asia and Hong Kong, including eight years in Singapore. Piyush is strategic, yet detail oriented; and has the ability to nurture high-performing teams. We are confident that he will help to strengthen our franchise and grow our footprint in Asia.