Keppel appoints ex-DBS chief Piyush Gupta as deputy board chairman from July 1
Former DBS Bank chief executive Piyush Gupta will also join the nominating, remuneration and board sustainability and safety committees. PHOTO: BUSINESS TIMES
SINGAPORE – Keppel has appointed former DBS Bank chief executive Piyush Gupta as its deputy chairman and a non-executive independent director.
The appointments will take effect from July 1, said the Singapore-based global asset manager and operator on May 29.
Mr Gupta will also join the nominating, remuneration and board sustainability and safety committees.
Mr Gupta, 65, retired from DBS in March 2025, concluding a 15-year tenure that saw the bank grow into South-east Asia's largest by assets, with record profits and a market value of $124 billion as at the end of 2024.
He was credited with driving DBS' digital transformation, developing technology systems that enhanced much of the bank's operations, though the lender had its fair share of digital disruptions.
Before joining DBS, he was Citi's CEO for South East Asia-Pacific for 27 years.
Mr Gupta also holds other key appointments, including chairman of Singapore Management University's board of trustees and chairman of the Mandai Park Holdings.
He is also a board member of the National Research Foundation , Singapore, and a member of the Ministry of Trade and Industry's Future Economy Advisory Panel.
Keppel chairman Danny Teoh said on May 29 that Mr Gupta's leadership and experience in driving business and digital transformation will help Keppel in its journey towards becoming a leading global asset manager and operator.
Mr Gupta noted that Keppel is at an important threshold, as it reinvents itself as a global asset manager with strong operating capabilities.
Join ST's WhatsApp Channel and get the latest news and must-reads.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
3 hours ago
- CNA
Strong air and sea freight despite global trade uncertainties
Singapore is seeing a surge in cargo volumes, with air freight movements up 2.21 per cent, with container throughput jumping some 6 per cent in the first four months of the year. Given volatility in global trade, firms are looking to Singapore as an alternative route to ensure a smooth flow of goods. Kate Low with this report.
CNA
3 hours ago
- CNA
More arts groups transforming into Institutions of Public Character to encourage more donations
More arts groups are turning into not-for-profit organisations - specifically, Institutions of Public Character. From before the COVID pandemic to 2023, there has been a nearly 20% (17.3%) rise in arts groups getting this status. Doing so gives tax benefits to their donors, which could encourage more donations and provide more funding for their programmes and performances.
Independent Singapore
7 hours ago
- Independent Singapore
53-year-old retrenched Singaporean dad launches indoor air quality company after his toddler kept falling sick
SINGAPORE: A 53-year-old Singaporean dad, Jay Choy, who had worked for 26 years at a Japanese multinational company, was retrenched in December 2022, with no job in sight. Around the same time, his 15-month-old son, Jayson, had just started infant care and was often unwell with high fever and a runny nose. Little did he know that looking for something more sustainable for his son's health than just relying on medication would lead to the launch of his own company. Mr Choy then remembered an air purification technology he had previously promoted in his former job, called BioZone Photoplasma™. After installing the unit in his son's room, he said 'the air felt noticeably fresher within days', and his son's symptoms began to ease. Over the next month, his son's health gradually improved. Motivated by his own experience, Mr Choy started reviewing lab reports, real-world studies, and client testimonials about indoor air quality. By February 2023, he had set up FJ SafeSpace Pte Ltd—a business focused on improving indoor air quality in homes, schools, offices, and industrial spaces. The company offers complimentary indoor air quality audits using uHoo advanced air sensors, which are certified by the Singapore Green Building Council. They also benchmark clients' indoor environments against Green Mark 2021, an internationally recognised green building certification scheme tailored for the tropical climate. In addition, they provide solutions using BioZone Photoplasma™ technology to deal with viruses, bacteria, fine dust, volatile organic compounds ( VOCs), and odours. Since its launch, the company has conducted over 140 indoor air quality audits, working with families, childcare centres, offices, F&B outlets, and industrial sites. Mr Choy, who shares audit results (with consent) on LinkedIn to raise public awareness, found this often led to referrals and client collaborations. One success story was when printing and packaging company KPP Packaging faced lingering food smells and frequent staff sick days in their office. After working with FJ SafeSpace, the company reported fewer sick days among staff and improved productivity. They later added more units on the production floor. See also Singapore trader stocking 3,000 swimming pools of sugar! In early 2025, Mr Choy enrolled in the Corporate Environment & Sustainability Executive Programme at Nanyang Technological University (NTU). He had already completed the Green Mark Associate course by the Singapore Green Building Council in 2023. His wife, who works in finance, has been a steady support throughout the journey, while their son, Jayson, remains his daily reminder of why the work matters. Mr Choy said, 'I want all children to grow up in a world where clean air is the norm, not a luxury. That means protecting both the spaces we live in and the planet we live on.' /TISG Read also: Singapore women entrepreneurs find global success through Amazon Global Selling
