DBS Bank

DBS CEO Piyush Gupta Elected to IIF Board of Directors

Press Release   •   Nov 09, 2011 16:08 SGT

Appointment marks a first for a Singapore-based bank; underlines Asia’s rising importance and DBS’ growing stature on the global banking stage

The Washington-based Institute of International Finance (IIF) today announced that Mr. Piyush Gupta, Chief Executive Officer and Director of DBS Group Holdings and DBS Bank, has been elected a member of the IIF’s Board of Directors.

This marks the first time an executive from a Singapore-headquartered bank has been appointed to the IIF Board, and underlines Asia’s rising importance and DBS’ growing stature on the global banking stage.

The IIF is the leading global association of financial services firms with more than 450 member institutions headquartered in over 70 countries. Members include most of the world’s largest commercial banks and investment banks, as well as a growing number of insurance companies and investment management firms. Among the Institute’s Associate members are multinational corporations, trading companies, export credit agencies and multilateral agencies.

The IIF’s head office is in Washington DC, USA and in late 2009 it opened an Asian Regional Office in Beijing, China. The IIF undertakes extensive global economic research on behalf of its members and takes leading roles on key international financial regulatory issues for its members in dialogue with the Financial Stability Board, the Basel Committee on Banking Supervision and other official institutions. It also engages in policy analysis and discussion with such institutions as the International Monetary Fund and monetary authorities in many countries. By organising many meetings and conferences throughout the year, the IIF provides many opportunities for effective dialogue among policymakers, regulators and private sector financial institutions.

Said Gupta, “The IIF is an important organisation whose work is central to the health and stability of the international financial system. Given Singapore’s status as a leading financial centre, one which has consistently punched above its weight in the global community, we should have a meaningful influence on key matters affecting our industry. As the largest bank in Singapore and a leading bank in Asia, DBS is pleased to lend our weight towards this, particularly as Asia increasingly makes its presence felt on the world stage as an economic powerhouse.”

About DBS
DBS - Living, Breathing Asia
DBS is a leading financial services group in Asia, with over 200 branches across 15 markets. Headquartered and listed in Singapore, DBS is a market leader in Singapore with over four million customers and also has a growing presence in the three key Asian axes of growth, namely, Greater China, Southeast Asia and South Asia. The bank's strong capital position, as well as "AA-" and "Aa1" credit ratings that are among the highest in the Asia-Pacific region, earned it Global Finance's "Safest Bank in Asia" accolade for three consecutive years, in 2009, 2010 and 2011.

DBS provides the full range of services in consumer, SME and corporate banking activities across Asia and the Middle East. As a bank born and bred in Asia, DBS also understands the intricacies of doing business in the region’s most dynamic markets. This market insight and regional connectivity have helped to drive the bank’s growth as it sets out to be the Asian bank of choice. The bank believes that building lasting relationships with its customers is an integral part of banking the Asian way.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 18,000 staff, representing over 30 nationalities.  For more information, please visit www.dbs.com.