Is DBS’s CEO, Piyush Gupta, the anti-Jamie Dimon? A spat between the CEO of southeast Asia’s largest bank by assets and his US counterpart last October pitted Dimon’s freewheeling Anglo-Saxon model of finance against Gupta’s very Asian style of banking.
At an Institute of International Finance meeting in Washington, Gupta took issue with Dimon’s unapologetic defence of global bulge-bracket firms.
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“We have started this narrative that people hate banks…[but] our clients and shareholders are very happy with us,” the CEO of JPMorgan said, despite the regulatory maelstrom after the deposit-guaranteed lender was hit by a flurry of litigation and expenses.
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