Singapore's Temasek Holdings appoints former DBS Group CEO Piyush Gupta as non-executive Chairman, India, effective December 1, 2025. The banking veteran will guide Temasek's India strategy, leveraging his deep market expertise to drive investments in a key growth market amid robust bilateral ties.
Leadership Appointment
Temasek, Singapore's sovereign wealth fund managing $389 billion, named Piyush Gupta—DBS CEO from 2009-2025—as Chairman, India Advisory in a non-executive capacity starting December 1. Gupta, who transformed DBS into the "World's Best Bank" multiple times, brings unmatched India insights from his IIM Ahmedabad roots and 43-year career.
Strategic Significance
Gupta's role strengthens Temasek's India focus, where it holds stakes in Zomato, Pine Labs, and Swiggy. His appointment aligns with Temasek's portfolio growth strategy, emphasizing digital transformation and emerging sectors. Currently Chairman of Singapore Management University and Mandai Park Holdings, Gupta enhances Temasek's regional influence.
Key Highlights
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Effective Date: December 1, 2025 (non-executive advisory role).
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Background: Led DBS 15+ years; ex-Citi SE Asia CEO.
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Current Roles: SMU Chairman, Mandai Park Holdings Chairman.
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Temasek India: Key investments in fintech, food delivery.
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Impact: Boosts strategic decisions in $4T+ India economy.
Sources: Temasek Official, LinkedIn Profile, SIAS