Piyush Gupta

Gupta was one of three children, born in Meerut, India, to R.S. Gupta and Minnie Gupta. He attended St. Columba's High School and later earned a bachelor's degree in economics from St. Stephen's College, Delhi. After graduating, he joined the Indian Institute of Management, Ahmedabad for a Post Graduate Diploma in Management.[http://www.livemint.com/Companies/F5Wh7Ur0oHSqZ50V9buqkL/DBSs-Piyush-Gupta-Replicating-a-success-story.html "DBS’s Piyush Gupta |Replicating a success story"]. Live Mint.

In 1982 and at the age of 22, Gupta started his career at Citibank India as a management trainee.[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. He did several assignments with Citibank India, eventually being the 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 to start up a dot-com company, but closed his venture and re-joined Citigroup in 2001.[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. 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 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.{{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}} Early on in 2013, Gupta also realized that DBS needed to start thinking like big tech. "Our frame of reference had to be Amazon or Alibaba. We had to stop thinking about what other banks will do. We had to start thinking about what big tech will do."{{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}}

In 2018, Gupta addressed an audience of top business leaders at the Asia Leaders Series in Zürich, 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."{{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}}

In 2020, he led DBS to launch two new exchanges, and undertake two acquisitions.{{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}}

Gupta has come out with the importance of future blockchain driven Web 3.0 world with the cautious conclusion at a panel discussion titled, Global Trends and Web 3.0 at the Singapore FinTech Festival in 2021.{{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}}

::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.

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.{{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}}

Gupta enjoys reading and bird watching.[http://newshub.nus.edu.sg/news/1107/PDF/DBS-st-7jul-pB6.pdf " DBS chief urges grads to take risks"]. National University of Singapore. He plays golf and badminton, and does crosswords. He is an ambassador for CanKids India,[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. 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.{{Cite news |date=2009-09-01 |title=NEWSMAKER - DBS taps Citi banker Piyush Gupta for Asia push |language=en |work=Reuters |url=https://www.reuters.com/article/idINIndia-42139520090901 |access-date=2022-04-30}}{{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) |language=en}} Gupta also possesses an Overseas Citizenship of India, a form of permanent residency for former citizens of India.

{{Reflist}}{{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}}

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

{{Authority control}}

{{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