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https://sgwealthbuilder.com/2024/08/19/dbs-group-holdings-share-price-to-break-new-record/
Looking back, most investors thought Gupta had it easy when he was appointed to be CEO in 2009. After all, DBS Group Holdings is backed by Temasek Holdings. However, it should be noted that Gupta joined at a time of great chaos for DBS as Gupta&rsquo s predecessor, Richard Stanley, had unexpectedly died from cancer just 11 months into the job. Prior to the appointment of Richard Stanley, the previous CEO (Jackson Tai) had caused DBS to suffer reputational damages and losses arising from the bank&rsquo s involvement in collateralised debt obligations. Moreover, the operating climate for the banking industry back then was roiled by the Global Financial Crisis. Against that sort of backdrop, you could imagine the work has been cut out for Gupta.
To be frank, I was initially quite skeptical of Gupta when he took over as CEO. Although he might had been well-known in the banking industry due to his time in Citigroup, he was virtually an unknown in Singapore and most of the man in the street had not heard of him nor his track record. Nevertheless, he managed to convince his doubters in no time.
When he took over the reins in 2009, DBS Group Holdings share price was trading at the $11 to $12 bandwidth. By the end of 2017, DBS managed to knock Singtel off the perch to become the largest market capitalization stock in SGX. Under Gupta&rsquo s tenure, DBS managed to achieve this feat due to the surging form of DBS Group Holdings share price.
One of the key reasons on why Gupta has been perennially popular among DBS investors is because the acquisitions made during his time were often transformative for DBS Group Holdings share price. If investors turn back the clock, OCBC used to give DBS a run for its money in the arena of wealth management through its Bank of Singapore and Great East Holdings. However, DBS&rsquo s 2014 acquisition of Societe Generale wealth management business in Singapore, Hong Kong and Dubai and the 2016 acquisition of ANZ&rsquo s wealth management and retail banking business in Singapore, Hong Kong, Mainland China, Taiwan and Indonesia have turbocharged DBS moat in this area. https://sgwealthbuilder.com/2024/08/19/dbs-group-holdings-share-price-to-break-new-record/
Looking back, most investors thought Gupta had it easy when he was appointed to be CEO in 2009. After all, DBS Group Holdings is backed by Temasek Holdings. However, it should be noted that Gupta joined at a time of great chaos for DBS as Gupta&rsquo s predecessor, Richard Stanley, had unexpectedly died from cancer just 11 months into the job. Prior to the appointment of Richard Stanley, the previous CEO (Jackson Tai) had caused DBS to suffer reputational damages and losses arising from the bank&rsquo s involvement in collateralised debt obligations. Moreover, the operating climate for the banking industry back then was roiled by the Global Financial Crisis. Against that sort of backdrop, you could imagine the work has been cut out for Gupta.
To be frank, I was initially quite skeptical of Gupta when he took over as CEO. Although he might had been well-known in the banking industry due to his time in Citigroup, he was virtually an unknown in Singapore and most of the man in the street had not heard of him nor his track record. Nevertheless, he managed to convince his doubters in no time.
When he took over the reins in 2009, DBS Group Holdings share price was trading at the $11 to $12 bandwidth. By the end of 2017, DBS managed to knock Singtel off the perch to become the largest market capitalization stock in SGX. Under Gupta&rsquo s tenure, DBS managed to achieve this feat due to the surging form of DBS Group Holdings share price.
One of the key reasons on why Gupta has been perennially popular among DBS investors is because the acquisitions made during his time were often transformative for DBS Group Holdings share price. If investors turn back the clock, OCBC used to give DBS a run for its money in the arena of wealth management through its Bank of Singapore and Great East Holdings. However, DBS&rsquo s 2014 acquisition of Societe Generale wealth management business in Singapore, Hong Kong and Dubai and the 2016 acquisition of ANZ&rsquo s wealth management and retail banking business in Singapore, Hong Kong, Mainland China, Taiwan and Indonesia have turbocharged DBS moat in this area. https://sgwealthbuilder.com/2024/08/19/dbs-group-holdings-share-price-to-break-new-record/