DBS outgoing CEO Piyush Gupta took record US$13 million pay in 2024; successor sees momentum

Business

DBS Group paid outgoing CEO Piyush Gupta S$17.6 million (US$13.22 million) for 2024, up 57 per cent on year, as Singapore's biggest bank reported record annual revenue and profit. DBS, Southeast Asia's largest lender by assets, also has "momentum", its incoming CEO Tan Su Shan said in the bank's annual report published on Thursday (Mar 6). DBS stock has been riding high since mid-February when the bank forecast improved net interest income for 2025 and announced a dividend capital return plan -