Keppel appoints Piyush Gupta as Deputy Chairman

Keppel has appointed Piyush Gupta, former longtime DBS Chief Executive Officer, as its Deputy Chairman, reinforcing the Singapore-headquartered group’s leadership bench as it advances a strategy centered on sustainable urbanization, asset management scale, and energy transition solutions. Gupta’s move follows his widely chronicled tenure at DBS, during which the bank’s digital capabilities and regional footprint expanded significantly. At Keppel, his governance and transformation experience adds depth as the company executes a portfolio-optimization and capital-efficient growth blueprint, integrating its real assets and investment platforms. As Deputy Chairman, Gupta will support the Board and executive team on long-cycle priorities, disciplined capital allocation, risk oversight, and shareholder value creation, while helping to navigate cyclical headwinds in real estate, infrastructure, and energy. The appointment signals continuity of Keppel’s pivot from a conglomerate model toward an integrated asset-light manager-operator approach that pairs operational excellence with fund-management capability.