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DBS Group said on Wednesday that Tan Su Shan, the firm's head of institutional banking, will succeed Chief Executive Piyush Gupta upon his retirement in March, making her the first female CEO of Singapore's biggest bank.
SINGAPORE -- DBS Group Holdings CEO Piyush Gupta, one of the highest profile bankers in Southeast Asia, will step down next year, the Singaporean lender said Wednesday, in what would be its first leadership change in 15 years.
DBS Group Holdings Ltd. was hit by renewed disruptions to its internet banking and payment services in Singapore on Thursday, days after a six-month ban by the island’s central bank over similar glitches ended.
SINGAPORE -- Southeast Asia's largest lender by assets, DBS Group Holdings, is fighting to demonstrate the results of its digital banking reform after last year's severe disruptions, which drew punishment from Singapore's financial regulator.
DBS Group Holdings Ltd.’s fourth-quarter profit came in short of analyst expectations amid signs of pressure on margins. And while 2023 results hit a record, Chief Executive Officer Piyush Gupta’s compensation got hit due to last year’s digital banking disruptions.