SINGAPORE - DBS Bank chief executive Tan Su Shan has been named the sixth most powerful woman in business in Fortune magazine’s 100 Most Powerful Women in Business list in 2025.

Ms Tan, 57, is the only Singaporean in the top 10 and one of three Singapore-based leaders in the list, which was released on May 20. She jumped from 89th place on the magazine’s list in 2024, when she was serving as DBS’s deputy CEO.

She is also one of the two Asia-based leaders in the top 10 – tech giant Huawei chief financial officer Meng Wanzhou is at No. 10.

On the list, OCBC Bank CEO Helen Wong ranked 15th and Temasek’s chief financial officer Png Chin Yee was 87th.

The list is based on company size and health, as well as an executive’s career trajectory, influence, innovation, and efforts to make business better, said Fortune.

Ms Tan is the first female CEO in DBS’s history. She took over the helm from Mr Piyush Gupta, who stepped down in March after a 15-year stint.

Ms Tan joined DBS, South-east Asia’s largest bank, in 2010. Prior to taking on the CEO role, she led DBS’s institutional banking division and helped expand the bank’s consumer banking, wealth management and international banking businesses.

Before joining DBS, she was Morgan Stanley’s head of private wealth management for South-east Asia. She has also worked at Citibank and prior to that, at ING Barings.

US leaders occupied six of the names on the top 10 list. Ms Mary Barra, CEO of General Motors, is at No. 1. Accenture CEO Julie Sweet ranked second while Citigroup CEO Jane Fraser took the third spot. In fourth place was AMD CEO Lisa Su and Banco Santander’s executive chairman Ana Botín, one of two Spanish leaders in the top 10, was ranked fifth.

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