DBS Group chief executive officer Tan Su Shan has sold 100,000 DBS shares on the open market, earning more than S$6 million from the transaction.
According to a filing by the Singapore bank, Tan disposed of the shares on May 15 at S$60.12 each. Following the sale, her stake in DBS reportedly fell slightly from 0.052 per cent to 0.048 per cent.
The transaction came shortly after DBS announced strong first-quarter earnings for 2026. Singapore’s largest bank posted net profits of approximately S$2.93 billion for the quarter ending March 31, representing a 1 per cent increase year-on-year and a 24 per cent jump from the previous quarter.
DBS Shares Continue Strong Performance
DBS shares have remained resilient despite global market uncertainty and banking sector concerns.
The stock regained the S$60 mark in mid-May after opening the year at S$56.40. As of May 18, DBS shares closed at S$60.76, giving the banking giant a market capitalisation of around S$172.8 billion.
During an earnings briefing in April, DBS chief financial officer Chng Sok Hui reportedly said the bank had a “good shot” at maintaining earnings close to its FY2025 performance despite ongoing economic volatility.
The strong performance has kept investor confidence high, with DBS continuing to be viewed as one of Singapore’s most stable dividend-paying banking stocks.
Tan Su Shan Earned S$9.6 Million In 2025
Tan officially took over as DBS CEO in March 2025, succeeding long-serving former chief executive Piyush Gupta.
Her total remuneration package for 2025 reportedly reached S$9.6 million. This included a base salary of about S$975,000, a cash bonus of S$3.7 million, deferred share awards worth S$4.9 million, and additional non-cash benefits such as car, driver and club privileges.
DBS stated that part of the deferred awards would be paid in cash, while the remaining portion would be issued in shares.
Tan graduated from University of Oxford with a degree in Politics, Philosophy and Economics before building a career across major financial institutions including ING Barings, Morgan Stanley, and Citigroup.
She joined DBS in 2010 after being recruited by Gupta and eventually emerged as the bank’s preferred successor following an extensive leadership development programme.
Financial analysts say leadership transitions at major Singapore banks continue to attract strong market attention, especially as investors monitor executive compensation, dividend outlooks and long-term growth strategies in the regional banking sector.