DBS Group announced yesterday that it has wooed veteran banker Piyush Gupta from Citi to take on the role as chief executive officer.
A Singapore permanent resident, Gupta, 49, has spent more than two-thirds of his 27-year career in Southeast Asia and Hong Kong, including eight years in Singapore. DBS said Gupta will join the bank in November, though his appointment is subject to regulatory approval.
The announcement comes nearly five months after DBS's former CEO, Richard Stanley, died of leukaemia, which he had been diagnosed with in January. He was 48. Since then, DBS chairman Koh Boon Hwee has been overseeing the management...
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