A look at how DBS shares soared nearly 270% under Piyush Gupta’s 15-year leadership

[SINGAPORE] After helming DBS for more than 15 years, chief executive officer Piyush Gupta is retiring and passing the reins to his successor Tan Su Shan. 

He steps down at the conclusion of the bank’s 26th annual general meeting on Friday (Mar 28).

Under Gupta’s leadership, DBS underwent digital transformation, refining its technological architecture from back-end systems to customer interfaces, while also implementing structural changes.

During his tenure since 2009, the bank’s share price leaped nearly 270 per cent to S$46.58, as at market close on Mar 27.

DBS’ return on equity more than doubled to 18 per cent in 2024 – up from around 8 to 9 per cent when he first took over.

The Business Times examines the lender’s share price trajectory since Gupta started his role, and the key events and turning points that shaped its highs and lows.