(Reuters) - Singapore's DBS Group on Wednesday said Tan Su Shan, currently the firm's head of institutional banking, will succeed Chief Executive Piyush Gupta upon his retirement in March 2025.

Till then, Shan will serve as the deputy CEO, the company said.

DBS CEO Piyush Gupta retires on 28 March 2025, the bank said.

Tan, who joined DBS in 2010, spent the first three years building the bank's Wealth Management and Institutional Banking businesses, which account for 90% of the company's income.

"Su Shan's strategic orientation, track record in building businesses, familiarity with technology, leadership ability as well as strong stakeholder management and communication skills make her the ideal successor," Said DBS Chairman Peter Seah.

(Reporting by Roushni Nair in Bengaluru; Editing by Nivedita Bhattacharjee)