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Trump will be 'open to cutting deals': DBS CEO

July 09, 2024 at 03:20 am EDT

STORY: ::July 9, 2024

::Trump will be 'open to cutting deals', which could suit China, says DBS CEO

::Singapore

::Piyush Gupta/DBS Group CEO

"Trump is a dealmaker. He's not ideologically driven to anything. And therefore, he will talk and game and narrative, but he'll be happy to cut deals. And I think in some ways that's helpful because the Chinese also like to cut deals, whereas the Democrats and I tend to be more ideologically driven. So the agenda on human rights and Xinjiang, etc., etc., Those are deeper rooted issues."

DBS is the largest bank in Singapore and Southeast Asia by asset size, and is now the largest shareholder in China's Shenzhen Rural Commercial Bank, which it said gave it a good footprint in the Greater Bay Area, according to its annual report published in March.

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	DBS GROUP HOLDINGS LTD	37.4 SGD	+0.59%	+3.54%	78.39B
	CRB COMMODITY INDEX	195	+0.10%	+2.28%	-

Piyush Gupta

Mr. Piyush Gupta is a Vice Chairman & Chief Executive Officer at DBS Group Holdings Ltd., a Chief Executive Officer at DBS Bank Ltd., a Chief Executive Officer & Director at DBS Bank Ltd., a Council Member at Asean Bankers Association, a Council Member at Asian Bureau of Finance & Economic Research, a Council Member at Singapore Business Federation, a Council Member at The Association of Banks in Singapore, a Managing Council Member at Indian Business Leaders Roundtable, a Member-Experts Group at The ASEAN Capital Markets Forum and a Member-Managing Council at Singapore Indian Development Association. He is on the Board of Directors at Infocomm Development Authority of Singapore, Enterprise Singapore, DBS Group Holdings Ltd., DBS Bank Ltd., Dr. Goh Keng Swee Scholarship Fund, Human Capital Leadership Institute, National Research Foundation, The Institute of Banking & Finance, The Institute of International Finance, Inc., The Islamic Bank of Asia Ltd., Global India Foundation, American Chamber of Commerce In Singapore, Asia Society and DBS Bank (Hong Kong) Ltd. Mr. Gupta was previously employed as a Chief Executive Officer by Citibank Bhd. He also served on the board at Mastercard Asia/Pacific Pte Ltd. He received his undergraduate degree from St. Stephens College and an MBA from Indian Institute of Management.

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Linked companies
DBS GROUP HOLDINGS LTD	Chief Executive Officer
DBS Bank Ltd. DBS Bank Ltd. Major BanksFinance DBS Bank Ltd. engages in the provision of commercial banking and financial services. It operates through the following segments: Consumer Banking and Wealth Management, Institutional Banking, Treasury Markets, and Others. The Consumer Banking and Wealth Management segment offers individual customers a current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products. The Institutional Banking segment includes financial services and products to institutional clients including bank and non-bank financial institutions, government-linked companies, large corporates, and small and medium-sized businesses. The Treasury Markets segment consists of structuring, market-making, and trading across treasury products. The Others segment encompasses activities from corporate decisions, capital and balance sheet management, funding, and liquidity. The company was founded in July1968 and is headquartered in Singapore.	Chief Executive Officer

Linked companies

DBS GROUP HOLDINGS LTD

Chief Executive Officer