Piyush Gupta

Piyush Gupta
Piyush Gupta
Born	January 24, 1960 (age 66); Meerut, India
Occupation	Banking executive
Years active	1982–present
Known for	CEO of DBS Group (2009–2025), Vice-chairman of the Institute of International Finance (since 2013), Board member of Enterprise Singapore (since 2024)

Piyush Gupta (; born 24 January 1960) is a prominent Singaporean banking executive who held the position of chief executive officer (CEO) at DBS Group from 2009 until 2025. Since 2013, he has served as vice-chairman of the Institute of International Finance, and in 2024, he joined the board of Enterprise Singapore.

Early life and education

Born in Meerut, India, to parents R.S. Gupta and Minnie Gupta, Gupta completed his schooling at St. Columba's High School. He earned a bachelor's degree in economics from St. Stephen's College, Delhi and subsequently obtained a Post Graduate Diploma in Management from the Indian Institute of Management Ahmedabad.

Career

Gupta embarked on his professional journey in 1982 at the age of 22, joining Citibank India as a management trainee. Over time, he assumed multiple roles including chief-of-staff to the head of India operations. In 1991, he relocated to Singapore to serve as chief-of-staff to the Asia regional head, later becoming country manager in Indonesia by 1998. After a brief departure from Citigroup in 2000 to pursue a dot-com startup, he returned in 2001. Between 2002 and 2007, Gupta was country officer for Malaysia, where he expanded Citigroup’s branch presence. He then headed Corporate and Investment Banking across ASEAN before being appointed CEO of Citibank for Southeast Asia, Australia, and New Zealand in 2008.

In 2009, Gupta took on the role of CEO at DBS Group, where he gained acclaim for steering DBS into a leading position among Asian financial institutions. By 2013, he had shifted DBS’s strategic focus towards competing with major technology companies such as Amazon and Alibaba, prioritizing innovation beyond conventional banking services.

During the 2018 Asia Leaders Series held in Zürich, Gupta described Asia’s transformation from being the "factory of the world" to becoming "the marketplace of the world," encouraging investors to leverage Asia’s enduring growth opportunities.

Under his guidance in 2020, DBS introduced two new exchanges and finalized two acquisitions, strengthening its foothold in the market. At the 2021 Singapore FinTech Festival, Gupta discussed the future influence of blockchain and Web 3.0 technologies while warning about their wider social and political ramifications beyond mere technological advancements.

In August 2024, Gupta declared his intention to step down as DBS CEO effective March 28, 2025. Tan Su Shan was named deputy CEO immediately and is set to succeed him.

Personal life

Gupta’s interests include reading, birdwatching, golf, badminton, and solving crosswords. He serves as an ambassador for CanKids India, an NGO dedicated to supporting children affected by cancer. His wife, Ruchira, works professionally as a physiotherapist.

Having been a long-term permanent resident of Singapore, Gupta obtained Singaporean citizenship in 2009. He also retains Overseas Citizenship of India, which grants permanent residency status to former Indian nationals.

External links

Executive profile at DBS Bank
Professional biography featured on Businessweek
Piyush Gupta aggregated news and analysis on Bloomberg
Piyush Gupta news coverage and insights available at The Wall Street Journal