DBS chief executive officer Piyush Gupta will be handing over the reins to deputy CEO Tan Su Shan on Mar 28, as he retires after 15 years at the helm. Read more at The Business Times.

Gupta will take home $13.2 million following the bank's "stellar all-round performance as well as its improved technology resiliency”

DBS Group paid outgoing CEO Piyush Gupta S$17.6 million ($13.22 million) for 2024, up 57% on year, as Singapore's biggest bank reported record annual revenue and profit. DBS, Southeast Asia's largest lender by assets,

About $9.35m of this is a deferred award, of which 17.1% will be in cash. DBS CEO Piyush Gupta earned a total of S$17.58m for 2024. A bulk of this— about $9.35m— is a deferred award, of which 17.1% will be in cash and the remainder will be in the form of shares.