Succession and board renewal at S'pore banks

THREE years ago, DBS Group chief executive Piyush Gupta said his successor could be a woman.

At a networking event, when asked about the possibility of a woman as the next DBS CEO, Mr Gupta said: "The next CEO could definitely be a woman. In my succession plan, we definitely have women on it."

Three women then and now sit on DBS's nine-member executive committee - head of institutional banking group (IBG) Jeanette Wong, head of consumer banking and wealth management (CBG) Tan Su Shan and chief financial officer Chng Sok Hui.