When will DBS get a new CEO?
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As banking veteran Piyush Gupta nears his 15th year at the helm of South-east Asia’s largest bank, questions are being asked about who his successor will be
DBS chief Piyush Gupta is nearing his 15th year at the helm of South-east Asia’s biggest bank, and does not appear to be slowing down. But there has been considerable chatter about how long he is going to remain in charge.
At a briefing for analysts held when the bank released its first-quarter results in May, he was asked point-blank if he was leaving this year. His reply: “No, I am not retiring this year.”
Asked subsequently whether he would be at DBS three years hence, Gupta, among the highest-paid CEOs in Singapore, sidestepped the question. He pointed to the bank’s “robust succession planning process at every step and in every level of the organisation”.
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