DBS Group names Citigroup’s Gupta as Chief Executive

DBS Group Holdings Ltd., the biggest Southeast Asian bank, hired Citigroup Inc.’s Piyush Gupta as chief executive officer, ending a five-month search for a new leader after predecessor Richard Stanley died.

Gupta, 49, will join DBS in November, and his appointment is subject to regulatory approval, the lender said in a statement to the Singapore stock exchange. Gupta is Citigroup’s CEO for Southeast Asia-Pacific, the company said.