Once a DBS intern, now its next CEO: 5 things to know about Tan Su Shan
Sign up now: Get ST's newsletters delivered to your inbox
Ms Tan Su Shan will also be DBS' first female CEO and the second woman to lead a Singapore bank.
PHOTO: BLOOMBERG
Samuel Oh
Follow topic:
SINGAPORE – DBS Bank announced the appointment of Ms Tan Su Shan as its deputy chief executive on Aug 7.
Ms Tan is currently the bank’s group head of institutional banking and will succeed Mr Piyush Gupta as chief executive when he retires at the next annual general meeting on March 28, 2025.
She is poised to become the second woman to lead a Singapore bank, after OCBC Bank appointed Ms Helen Wong in 2021.
Ms Tan, 56, has more than 35 years of experience in consumer banking, wealth management and institutional banking.
DBS chairman Peter Seah said she “stood out” among the many top names considered for the position. “The board decision to appoint Su Shan was unanimous.”
Ms Tan joined DBS in 2010 and made waves in banking circles for growing DBS’ wealth management business, among other achievements.
Here are five things to know about the banking industry veteran:
She will be the first woman CEO in DBS’ history.
Ms Tan graduated from Oxford University with a master’s degree in politics, philosophy and economics. Her first internship as a university student was with DBS.
She started her career with ING Baring Securities in institutional equity and derivative sales before moving to Citi in 2005 as the regional head for Singapore, Malaysia and Brunei.
From 1997 to 2005, and from 2008 to 2010, Ms Tan was with Morgan Stanley, first as an executive director and later as head of private wealth management. Incidentally, it was Mr Gupta who hired Ms Tan from Morgan Stanley in 2010.
Outside of DBS, she served as a Nominated MP from 2012 to 2014 and was on several boards in government, education and women’s leadership. She sits on the advisory board of Weybourne Holdings, which is Dyson’s family office.
