DBS CEO Piyush Gupta Ends Tenure with Record $13 Million Pay for 2024

Gupta's 15-year leadership transformed DBS into a regional powerhouse, as successor Tan Su Shan prepares to take the helm.

Piyush Gupta received S$17.6 million (US$13.2 million) in total compensation for 2024, a 57% increase from the previous year, reflecting DBS's record profits and strong performance.
Under Gupta's leadership since 2009, DBS expanded regionally and implemented a digital transformation, achieving over 400% stock returns during his tenure.
DBS reported S$11.4 billion (US$8.56 billion) in profits for 2024, an 11% year-on-year increase, alongside a 51% rise in its share price over the past year.
Incoming CEO Tan Su Shan, set to take over on March 28, will become DBS's first female CEO and has emphasized continuity and resilience in the bank's strategy.
Gupta's legacy includes structural changes in digital banking and high-return businesses, though he faced challenges such as a 2023 pay cut due to service disruptions.