Five things to know about DBS’ CEO-designate Tan Su Shan
DBS announced the appointment of Tan Su Shan as its deputy chief executive officer, Singapore’s largest lender announced on Wednesday (Aug 7).
She is currently the bank’s head of institutional banking, and will succeed Piyush Gupta as CEO when he retires at the next annual general meeting on Mar 28, 2025.
Tan is poised to become the second woman to lead a Singapore bank, after OCBC appointed Helen Wong in 2021.
The 56-year-old Tan has more than 35 years of experience in consumer banking, wealth management and institutional banking.
DBS chairman Peter Seah said Tan “stood out” among the many top names considered for the position. “The board decision to appoint Su Shan was unanimous.”
She joined DBS in 2010, and made waves in banking circles for growing DBS’ wealth management business, among other achievements.
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Here are five things you should know about the banking industry veteran:
- She will be the first woman CEO in the history of DBS.
- Tan graduated from the University of Oxford with a master’s degree in politics, philosophy and economics. Her first internship as a university student was at DBS.
- She started her career with ING Baring Securities in institutional equity and derivative sales before moving to Citi in 2005 as the regional head for Singapore, Malaysia and Brunei.
- From 1997 to 2005, and from 2008 to 2010, Tan was with Morgan Stanley, first as an executive director and later as head of private wealth management. Incidentally, it was Gupta who hired Tan from Morgan Stanley in 2010.
- Outside of DBS, she has served as a nominated member of parliament between 2012 and 2014, and has served on several boards in government, education and women’s leadership. She sits on the advisory board of Weybourne Holdings, which is Dyson’s family office.
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