Piyush Gupta

Singapore-based asset manager and operator Keppel has announced the appointment of former DBS Group CEO Piyush Gupta as deputy chairman and independent board director, effective July 1st.

The move marks a strategic reinforcement of Keppel’s board as it aims to become a leading global asset manager and operator.

Gupta, 65, retired earlier this year after a transformative 15-year tenure at the helm of DBS, where he spearheaded the bank’s digital pivot and helped cement its status as a leading financial services group in Asia.

With nearly four decades of international banking experience, including roles as Citi’s CEO for Southeast Asia-Pacific, Gupta brings deep financial acumen and operational insight to Keppel. Alongside his deputy chairman role, he will serve on Keppel’s nominating, remuneration, and board sustainability & safety committees.

Welcoming Gupta, Keppel chairman Danny Teoh says: “Piyush’s strong track record in leading transformation and digitalization will be invaluable as Keppel accelerates its journey to becoming a global asset manager. His joining comes at a pivotal time in our evolution.”

Gupta, who also chairs Singapore Management University and Mandai Park Holdings, says, “Keppel is at an important threshold as it reinvents itself. I’m excited about the possibilities and look forward to contributing to this journey.”

His appointment will expand Keppel’s board to nine members, seven of whom are independent. The company’s growing focus on sustainability, urban solutions, and digital infrastructure aligns well with Gupta’s strategic strengths.

Keppel operates across more than 20 countries, managing diversified assets in infrastructure, real estate, and digital connectivity, with a firm commitment to sustainable development.