CEO change at DBS unfolding at an uncertain time
The less richly priced shares of DBS’ peers might offer better risk-adjusted returns
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THE appointment of Piyush Gupta as chief executive of DBS in November 2009 marked the beginning of a golden age of sorts for the financial services group.
Under his leadership, DBS expanded regionally, made big investments in technology and reported strong earnings.
It probably did not hurt that Gupta took the helm of DBS at the tail end of the Global Financial Crisis; and is now set to retire just as a profitability-boosting surge in interest rates is coming to an end.
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