# Piyush Gupta

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{{Short description| Indian Singaporean banker (born 1960)}}
{{Use dmy dates|date=February 2019}}
{{Use Indian English|date=February 2019}}
{{Infobox person
| name               = Piyush Gupta
| native_name        = {{nobold|पीयूष गुप्ता}}
| native_name_lang   = hi
| honorific_suffix   = {{post-nominals|list=[BBM](/source/Bintang_Bakti_Masyarakat)}}
| image              = 1 piyus gupta 2023.jpg
| alt                = Piyush Gupta in 2023
| caption            = Gupta in 2023
| birth_name         = 
| birth_date         = {{Birth date and age|1960|01|24|df=yes}}
| birth_place        = [Meerut](/source/Meerut_district), [Uttar Pradesh](/source/Uttar_Pradesh), India
| citizenship        = [Singapore](/source/Singapore_nationality_law)
| alma_mater         = [St. Stephen's College](/source/St._Stephen's_College%2C_Delhi) ([BA](/source/Bachelor_of_Arts))<br>[Delhi University](/source/Delhi_University)<br>[Indian Institute of Management Ahmedabad](/source/Indian_Institute_of_Management_Ahmedabad) ([PGDM](/source/Post_Graduate_Diploma_in_Management))
| title              = Former [CEO](/source/Chief_Executive_Officer) of [DBS Group](/source/DBS_Bank)
| spouse             = Ruchira Gupta
| children           = 2
| occupation         = {{hlist|Business executive|banker}}
}}

'''Piyush Gupta''' {{post-nominals|list=[BBM](/source/Bintang_Bakti_Masyarakat)}} ({{Langx|hi|पीयूष गुप्ता}}; born 24 January 1960) is a Singaporean banker<ref>{{Cite web|last=Chew|first=Hui Min|date=4 September 2020|title=Ministers respond in Parliament to NCMP Leong Mun Wai's comments on not having 'homegrown' DBS CEO|url=https://www.channelnewsasia.com/news/singapore/iswaran-leong-mun-wai-ncmp-psp-dbs-ceo-13082740|access-date=2021-01-09|website=CNA|language=en|quote=The current CEO of DBS, Piyush Gupta, was born in India and became Singaporean.}}</ref> and the chief executive officer (CEO) of [DBS Group](/source/DBS_Bank) between 2009 and 2025.<ref>{{Cite news|date=1 September 2014|title=Singapore's DBS names Citi's Piyush Gupta as CEO|work=[Reuters](/source/Reuters)|url=http://in.reuters.com/article/idINIndia-42125020090901|archive-url=https://web.archive.org/web/20090908132558/http://in.reuters.com/article/idINIndia-42125020090901|url-status=dead|archive-date=8 September 2009|access-date=24 January 2014}}</ref><ref>{{Cite web|title=Asia-Pacific's 50 largest banks by assets, 2020|url=https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/asia-pacific-s-50-largest-banks-by-assets-2020-58021637|access-date=2021-01-09|website=www.spglobal.com|language=en-us}}</ref> He is vice-chairman of the [Institute of International Finance](/source/Institute_of_International_Finance) since 2013, and a board member of [Enterprise Singapore](/source/Enterprise_Singapore) since 2024.<ref name=":0">{{Cite web|title=Piyush Gupta (高博德) {{!}} DBS Bank, Chief Executive Officer (CEO)|url=https://www.dbs.com/gsmc-grp/Bod/bod-piyush-gupta|access-date=2021-01-09|website=DBS}}</ref>

== Early life and education ==
Gupta was one of three children, born in [Meerut](/source/Meerut), India, to R.S. Gupta and Minnie Gupta. He attended [St. Columba's High School](/source/St._Columba's_School%2C_Delhi) and later earned a bachelor's degree in economics from [St. Stephen's College](/source/St._Stephen's_College%2C_Delhi), Delhi. After graduating, he joined the [Indian Institute of Management, Ahmedabad](/source/Indian_Institute_of_Management_Ahmedabad) for a Post Graduate Diploma in Management.<ref>[http://www.livemint.com/Companies/F5Wh7Ur0oHSqZ50V9buqkL/DBSs-Piyush-Gupta-Replicating-a-success-story.html "DBS’s Piyush Gupta |Replicating a success story"]. Live Mint.</ref>

== Professional career ==

=== Career ===
In 1982 and at the age of 22, Gupta started his career at [Citibank India](/source/Citibank_India) as a management trainee.<ref>[https://www.nytimes.com/2013/09/02/business/global/02iht-manager02.html?_r=0 " Managing a Company With a Helicopter Vision "]. [The New York Times](/source/The_New_York_Times).</ref> He did several assignments with Citibank India, eventually being the [chief-of-staff](/source/chief-of-staff) to the India head. He moved to Singapore in 1991 as the chief-of-staff to the Asia head, and was posted to Indonesia in 1998, as country manager. In 2000, he left [Citigroup](/source/Citigroup) to start up a [dot-com company](/source/dot-com_company), but closed his venture and re-joined Citigroup in 2001.<ref>[http://www.financialexpress.com/old/fe/daily/20001023/fco23036.html " Go4i CEO quits as management rethinks strategy "] {{Webarchive|url=https://web.archive.org/web/20140821121338/http://www.financialexpress.com/old/fe/daily/20001023/fco23036.html |date=21 August 2014 }}. Financialexpress.</ref> Gupta was country officer in Malaysia from 2002 to 2007, where he helped built up Citigroup's branch network, before assuming the role of country officer in Singapore and the head of the Corporate and Investment Bank in ASEAN. In 2008, Gupta was appointed the CEO of Citibank in South East Asia, Australia and New Zealand. 

In 2009, he left Citigroup to join [DBS Group](/source/DBS_Group) as the CEO. As CEO, he received various business awards, and has been credited with growing DBS to become a leading Asian financial services group.<ref>{{Cite news|date=8 May 2013|title=DBS: Driving growth in Asian banking|work=Singapore Business Review|url=http://sbr.com.sg/financial-services/commentary/dbs-driving-growth-in-asian-banking|access-date=24 January 2014}}</ref><ref name=":0" /> Early on in 2013, Gupta also realized that DBS needed to start thinking like big tech. "Our frame of reference had to be [Amazon](/source/Amazon_(company)) or [Alibaba](/source/Alibaba_Group). We had to stop thinking about what other banks will do. We had to start thinking about what big tech will do."<ref>{{Cite web|date=2019-07-10|title=Awards for Excellence 2019: How Gupta turned DBS into the bank of the future|url=https://www.euromoney.com/article/b1g4l991c5x2qj/awards-for-excellence-2019-how-gupta-turned-dbs-into-the-bank-of-the-future|access-date=2021-10-25|website=Euromoney|language=en}}</ref>

In 2018, Gupta addressed an audience of top business leaders at the Asia Leaders Series in [Zürich](/source/Z%C3%BCrich), Switzerland, stating that "Few people have come to the recognition that Asia is no longer the factory of the world, it is the marketplace of the world." He then elaborated, "Anybody who wants to allocate capital and is not looking at riding on the Asian growth story over the next 10-15-20 years is really missing a big opportunity."<ref>{{Cite web |title=Asia: Marketplace of the World |url=https://www.asiaseries.com/insights/media/does-europe-understand-asian-transformation |access-date=2023-09-19 |website=Asia Series Insights |language=en}}</ref>

In 2020, he led DBS to launch two new exchanges, and undertake two acquisitions.<ref>{{Cite web|date=2021-09-10|title=The world's best bank 2021: How DBS turned a crisis into an opportunity|url=https://www.euromoney.com/article/28ten5exmatvsk8bunapt/awards/awards-for-excellence/the-worlds-best-bank-2021-how-dbs-turned-a-crisis-into-an-opportunity|access-date=2022-01-07|website=Euromoney|language=en}}</ref>
Gupta has come out with the importance of future [blockchain](/source/blockchain) driven [Web 3.0](/source/Web3) world with the cautious conclusion at a panel discussion titled, ''Global Trends and Web 3.0'' at the [Singapore FinTech Festival](/source/Singapore_FinTech_Festival) in 2021.<ref name=Sffdb>{{Cite web|url=https://disruptionbanking.com/2021/11/10/singapore-fintech-festival-global-trends-and-web-3-0/|title=Singapore Fintech Festival: Global Trends and Web 3.0|accessdate=November 14, 2021|work=Disruption Banking|date=November 10, 2021}}</ref>

::Now, the problem with Web 3.0 is when you take that argument to the next phase, it's not only the intermediaries you start questioning. You don't need a central bank. You don't need the regulators. And by the way, guess what, you don't need nation states. You don't need governments. And then you start getting into this thing that is not a question of technology. That's a question of social politics, and a question of philosophy. Do we as mankind prefer to live in a world where eight billion of us are individual agents, without any organising principles such as countries, states, central banks, regulators and boundary keepers? I would argue that it is very, very hard for us to get there.<ref name=Sffdb/>
In 2024, he announced on August 7 that he would step down from his role on March 28, 2025. Tan Su Shan was appointed deputy CEO with immediate effect and will succeed him.<ref>{{Cite web |title=DBS chief Piyush Gupta to step down; Tan Su Shan to take the top job |url=https://www.channelnewsasia.com/singapore/piyush-gupta-steps-down-resigns-dbs-ceo-4531791 |access-date=2024-08-07 |website=CNA |language=en}}</ref>

== Personal life ==
Gupta enjoys reading and bird watching.<ref>[http://newshub.nus.edu.sg/news/1107/PDF/DBS-st-7jul-pB6.pdf " DBS chief urges grads to take risks"]. [National University of Singapore](/source/National_University_of_Singapore).</ref> He plays golf and badminton, and does crosswords. He is an ambassador for CanKids India,<ref>[http://www.cankidsindia.org/cankids-ambassadors.html CanKids Ambassadors] {{Webarchive|url=https://web.archive.org/web/20140821053149/http://www.cankidsindia.org/cankids-ambassadors.html |date=21 August 2014 }}. CanKids.</ref> a non-governmental organisation that supports victims of childhood cancer. His wife, Ruchira, is a physiotherapist.

A long-time permanent resident of Singapore, Gupta was naturalized as a Singapore citizen in 2009.<ref>{{Cite news |date=2009-09-01 |title=NEWSMAKER - DBS taps Citi banker Piyush Gupta for Asia push |language=en |work=[Reuters](/source/Reuters) |url=https://www.reuters.com/article/idINIndia-42139520090901 |access-date=2022-04-30}}</ref><ref>{{Cite web |last=Oh |first=Tessa |date=2020-09-05 |title=Iswaran rebukes NCMP Leong Mun Wai for comments on DBS CEO not being 'homegrown' |url=https://www.todayonline.com/singapore/iswaran-rebukes-ncmp-leong-mun-wai-comments-dbs-ceo-not-being-homegrown |access-date=2022-04-30 |website=[Today (Singapore newspaper)](/source/Today_(Singapore_newspaper)) |language=en}}</ref> Gupta also possesses an [Overseas Citizenship of India](/source/Overseas_Citizenship_of_India), a form of permanent residency for former citizens of India.

== References ==
{{Reflist}}<ref>{{Cite web |last=Gupta |first=Piyush |date=16 May 2025 |title=Gupta was awarded the William “Bill” Seidman Award for Lifetime achievement in financial services from TAB Global, publishers of The Asian Banker, in May 2025. |url=https://live.theasianbanker.com/updates-and-articles/piyush-gupta-receives-the-tab-global-william-bill-seidman-award-for-lifetime-achievements-in-leadership-in-the-financial-services-industry-2025 |url-status= |access-date=May 16, 2025 |website=[The Asian Banker](/source/The_Asian_Banker)}}</ref>

== External links ==
* [http://www.dbs.com/about/management/PiyushGupta/default.aspx Profile] at [DBS Bank](/source/DBS_Bank)
* [https://archive.today/20140819101503/http://investing.businessweek.com/research/stocks/people/person.asp?personId=36342081&ticker=DBS:SP Executive profile] at ''[Businessweek](/source/Businessweek)''
* [https://web.archive.org/web/20140821115652/http://topics.bloomberg.com/piyush-gupta/ Piyush Gupta] collected news and commentary at ''[Bloomberg](/source/Bloomberg_Businessweek)''
* [http://topics.wsj.com/person/G/piyush-gupta/4369 Piyush Gupta] collected news and commentary at ''[The Wall Street Journal](/source/The_Wall_Street_Journal)''

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{{DEFAULTSORT:Gupta, Piyush}}
Category:Living people
Category:1960 births
Category:Indian emigrants to Singapore
Category:Singaporean people of Indian descent
Category:Businesspeople from Uttar Pradesh
Category:Singaporean business executives
Category:Singaporean chief executives
Category:Indian Institute of Management Ahmedabad alumni
Category:St. Stephen's College, Delhi alumni
Category:DBS Bank people
Category:St. Columba's School, Delhi alumni
Category:Citigroup people
Category:People with Overseas Citizenship of India
Category:Indian business executives
Category:Indian chief executives

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Adapted from the Wikipedia article [Piyush Gupta](https://en.wikipedia.org/wiki/Piyush_Gupta) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Piyush_Gupta?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.