Keppel appoints ex-DBS chief Piyush Gupta as deputy board chairman from July 1
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Former DBS Bank chief executive Piyush Gupta will also join the nominating, remuneration and board sustainability and safety committees.
PHOTO: BUSINESS TIMES
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SINGAPORE – Keppel has appointed former DBS Bank chief executive Piyush Gupta as its deputy chairman and a non-executive independent director.
The appointments will take effect from July 1, said the Singapore-based global asset manager and operator on May 29.
Mr Gupta will also join the nominating, remuneration and board sustainability and safety committees.
Mr Gupta, 65, retired from DBS in March 2025, concluding a 15-year tenure that saw the bank grow into South-east Asia’s largest by assets, with record profits and a market value of $124 billion as at the end of 2024.
He was credited with driving DBS’ digital transformation, developing technology systems that enhanced much of the bank’s operations, though the lender had its fair share of digital disruptions.
Before joining DBS, he had a 27-year career at Citi and became its CEO for South-east Asia-Pacific.
Mr Gupta also holds other key appointments, including chairman of Singapore Management University’s board of trustees and chairman of the Mandai Park Holdings.
He is also a board member of the National Research Foundation, Singapore, and a member of the Ministry of Trade and Industry’s Future Economy Advisory Panel.
Keppel chairman Danny Teoh said on May 29 that Mr Gupta’s leadership and experience in driving business and digital transformation will help Keppel in its journey towards becoming a leading global asset manager and operator.
Mr Gupta noted that Keppel is at an important threshold, as it reinvents itself as a global asset manager with strong operating capabilities.
