Tan Su Shan, CEO of Singapore’s biggest lender by asset DBS Bank, has sold 100,000 company shares for about SGD6 million (US$4.7 million).
The shares were sold on May 15 at SGD60.12 apiece in an open-market transaction, according to a filing with the Singapore Exchange, as reported by AsiaOne.
Following the sale, Tan holds 1.3 million DBS shares, representing 0.048% of the bank’s total ordinary shares, according to The Edge Singapore. DBS shares traded at around SGD61 Wednesday morning.
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Tan Su Shan, CEO of DBS Group Holdings. Photo courtesy of the group |
Tan, the bank’s first female CEO, succeeded Piyush Gupta in March last year after he led the bank for 15 years.
She received SGD9.6 million in remuneration last year, covering her tenure as CEO as well as the period when she served as deputy CEO earlier in the year.
She previously held senior roles at Morgan Stanley and Citigroup before joining DBS in 2010, where she advanced through positions in wealth management, institutional banking, and other sectors.
DBS in June last year became the first listed company in Singapore to cross the $100 billion market capitalization mark.
