First Woman to Become CEO of Asean's Largest Bank

According to a report from Bloomberg on March 8, 2025, DBS Group Holdings Ltd, Southeast Asia's largest bank, already has a new CEO. Tan Su Shan, who currently serves as deputy CEO under Piyush Gupta, will take over the position. In his report, Tan highlighted the importance of sustainability in strengthening the bank's operations and maintaining the trust of stakeholders as a strategic move forward.

Prior to his appointment as CEO of DBS, Tan served as Head of the Institutional Banking Group division at DBS. He was later given the responsibility of Deputy CEO.

According to a report from Bloomberg in 2023, Tan is the only woman among the four candidates being groomed to succeed Gupta as banker. In 2010, Gupta recruited Tan from Morgan Stanley. In a speech, Gupta expressed her belief that Tan has the capabilities needed to lead the institution in a better direction. Gupta highlighted Tan's managerial skills and expertise in areas ranging from wealth management to technology.

Tan has been appointed at the culmination of a decade-long succession process. He is a Singaporean citizen. Sarah Jane Mahmud, a senior industry analyst at Bloomberg Intelligence, stated that having spent 14 years working at the bank in various roles, including in wealth, consumer and institutional banking, Tan has ensured the continuity of the bank's strategic agenda.