CEO and Director
DBS Group's Piyush Gupta remains the highest-paid CEO among Singapore's three local banks, with a 15 percent increase in compensation to $9.3 million last year pulling him also ahead of the CEOs at Deutsche Bank and Barclays. A former Citibanker who took the DBS helm in 2009, Gupta has been credited with transforming the banking group from laggard to outperformer, turning it into a leading Asian financial services group, and boosting its assets to $300 billion. The bank's capital position and its "AA-" and "Aa1" credit ratings are among the highest in Asia-Pacific. DBS is recognised as "Asia's Best Bank" by The Banker, a member of the Financial Times group, and has been named "Safest Bank in Asia" by Global Finance for five consecutive years to 2013. Gupta himself was named Singapore Executive of the year by AsiaMoney for the third year running. DBS posted better-than-expected results in the six months to June, with half-year earnings up 5 percent to a record $1.84 billion.