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Good morning. “Even the CEO’s job can be replaced by AI.” That was the WhatsApp message DBS Group’s board sent Tan Su Shan on the day they named her chief executive of Southeast Asia’s largest and most profitable bank. Tan shared the moment with me last week at Fortune’s Brainstorm AI Singapore conference — and … Read more
Companies that have pledged to support ESG and DEI initiatives should stick to their commitments and not be swayed by political developments, the incoming CEO of Singapore’s DBS Group said. “Leadership is about being responsible, not saying one thing and doing another … If you’ve committed your organization to reducing your carbon footprint and you … Read more
Piyush Gupta, chief executive officer of DBS Group Holdings Ltd., during a news conference in Singapore, on Monday, Feb. 10, 2025. DBS shares jumped after the lender reported earnings that met expectations and unveiled a investor payout plan. Bloomberg | Bloomberg | Getty Images After a sterling 2024 when Singapore’s biggest bank by assets booked … Read more
The bank, driven by its wealth management business and an increase in loans, reported a net profit of $8.4 billion for 2024, up 11% from the year before. Read More
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