SINGAPORE (March 6): DBS Group Holdings Ltd is in a “strong position” to continue “healthy” shareholder returns and outperform its peers, said its deputy chief executive officer Tan Su Shan.
In her first letter to shareholders in DBS’s annual report for the financial year ended Dec 31, 2024, released on Thursday, Tan said “strategic initiatives” implemented by outgoing DBS CEO Piyush Gupta over the past 15 years had “propelled” the bank “from an underperforming domestic franchise to one of the world’s best banks”.
“The strategic moats we have built mean our successes are not easy to replicate, and there is momentum in our business,” said Tan in a column titled “Deputy CEO reflections”...(click here for the full story on theedgesingapore.com).