Latest news with #DBSGroup
Bloomberg
a day ago
- Business
- Bloomberg
DBS Is Said to Shelve Plans for Asia Insurance Deal on Valuation
DBS Group Holdings Ltd. has shelved plans to form an insurance partnership in India and Taiwan after initial offers from prospective bidders didn't match value expectations, according to people familiar with the matter. The Singapore-based lender and its advisers have paused work on the transaction, the people said, asking not to be identified because the information is private. A bancassurance agreement for the two Asian markets, as well as certain products in Singapore, had attracted interest from other insurers and financial services firms, the people said.
CNA
2 days ago
- Business
- CNA
Piyush Gupta to join Keppel as deputy board chairman
SINGAPORE: Keppel has announced the appointment of Mr Piyush Gupta as deputy chairman and non-executive independent director of the board with effect from Jul 1. In a media release on Thursday (May 29), the company said Mr Gupta, 65, will also join as a member of its nominating committee, remuneration committee, as well as board sustainability and safety committee on the same date. Welcoming Mr Gupta, Keppel chairman Danny Teoh said: "Piyush is joining us at an exciting time in Keppel's journey and I am confident that his leadership and experience in driving business and digital transformation will be invaluable for Keppel as we accelerate our progress towards becoming a leading global asset manager and operator. "Piyush's strong track record is well-known, after successfully leading DBS for more than 15 years, and earning DBS international accolades such as the 'World's Best Bank' and the 'World's Best Digital Bank'," he added. Mr Gupta was CEO of DBS Group from November 2009 until his retirement in March this year, during which he led the bank to become a global financial powerhouse, Keppel said in the release. On his appointment, Mr Gupta said: "Keppel is an iconic Singapore institution, with a great history and track record. It is currently at an important threshold, as it reinvents itself as a global asset manager with strong operating capabilities. "I am excited about the possibilities, and look forward to contributing to this journey in the coming future," he added. Prior to DBS, Mr Gupta had 27 years of international banking experience and was also Citi's CEO for Southeast Asia-Pacific. He holds various other appointments, including as board member of the Ministry of Trade and Industry's The Future Economy Advisory Panel, board member of the Singapore National Research Foundation, chairman of the board of trustees of Singapore Management University and chairman of Mandai Park Holdings. Singapore-based Keppel is a global asset manager and operator in sustainability-related solutions spanning the areas of infrastructure, real estate and connectivity.
Bloomberg
3 days ago
- Business
- Bloomberg
EQT Gets $162 Million Loan for Payout to Indira IVF Stakeholders
Swedish private equity firm EQT AB has obtained an around $162 million loan to finance a payout to shareholders of India's fertility services provider Indira IVF, which it owns a majority stake in, according to people familiar with the matter. Some 16 banks participated in the loan including BNP Paribas SA, HSBC Holdings Plc, DBS Group Holdings Ltd. and several Taiwanese lenders, one of the people said, who asked not to be identified discussing a private matter. The facility carries a six-year tenor, the people said.
Bloomberg
22-05-2025
- Business
- Bloomberg
Adani Ports Gets About $150 Million Loan From DBS for Capex
Adani Ports & Special Economic Zone Ltd. raised about $150 million through a bilateral loan agreement with DBS Group Holdings Ltd., according to people familiar with the matter, as the Indian conglomerate continues to restore lender confidence. The proceeds of the four-year dollar loan will be used for capital expenditure, the people said, asking not be identified because the information is private. The facility has been priced at about 200 basis points above the benchmark Secured Overnight Financing Rate, they said.
Hindustan Times
21-05-2025
- Business
- Hindustan Times
Woman roasted for mistaking random stranger in Bali for Indian-origin CEO: ‘He had your charms right on'
A Singapore woman's long account of meeting the former CEO of DBS Bank was refuted by the man himself. Janney Hujic took to LinkedIn one day ago to share a lengthy post about meeting Piyush Gupta unexpectedly in Bali. She even shared a photograph with a man who bears a remarkable resemblance to Gupta - the former CEO of DBS Bank. Unfortunately, a resemblance is all it was - the real Piyush Gupta commented on Hujic's post to set the record straight. 'Sorry to disillusion you. That isn't me!' wrote Gupta, the India-born millionaire who served as chief executive of DBS Group between 2009 and 2025. The exchange has gone viral on social media, leaving thousands of people in stitches. In her LinkedIn post, Janney Hujic said she had a chance encounter with Gupta at a cafe in Bali. Hujic, who has worked at DBS Bank, wrote about being struck by his humility, despite his stature as a respected business leader. 'I glanced across the room and thought, That looks an awful lot like Piyush. Curious, I walked over — and sure enough, it was him. Piyush Gupta, the former CEO of DBS Bank. Casual. Composed. Entirely unassuming,' wrote Hujic in her LinkedIn post. The two spoke about women's empowerment, the importance of rest and renewal, and her work organising transformative, all-women travel expeditions — including an upcoming 105 km trek across a frozen lake in Mongolia for charity. In her post, the Singapore-based entrepreneur praised Gupta's humility and 'quiet conviction.' At the end of the meeting, the man pretending to be Gupta even posed for a picture with Hujic. What Hujic did not realise at the time – and even as she wrote the post – was that the man in Bali was a complete stranger who just happened to resemble Piyush Gupta. The real Piyush Gupta set the record straight himself. 'Sorry to disillusion you. That isn't me!' he wrote in the comments section. 'Oh gosh, I've seen you when I was at DBS couldn't tell the 2 apart. Kudos to him. In his defense he had your charms right on and he said all the right things,' Hujic wrote in response. The exchange has left tens of thousands of people amused. 'LinkedIn has peaked for me, nothing will ever top this,' wrote one person on Threads. 'I am HOLLERING! that man was just having his coffee. 'No entourage. No airs.' Because it's a random uncle ma'am,' another wrote. 'Hilarious! This seems straight out of an episode of The White Lotus,' a person on LinkedIn added.
