Executives from the finance and tech sectors sit at the top of Fortune’ s 2025 ranking of the most powerful women business leaders in Asia , as the AI boom and changing financial flows are opening up opportunities for the region’s top businesswomen.

Asia’s most powerful woman in business this year is DBS CEO Tan Su Shan , who assumed the top role at Southeast Asia’s largest bank in March. Since taking the helm, she’s had to steer the bank through a revived trade war and the return of alternative financial products like cryptocurrencies.

“I’ve told colleagues, ‘This is going to be a volatile year, so you better buckle up,’” Tan says in the most recent issue of Fortune magazine.

Second place goes to Grace Wang, founder of Chinese tech manufacturer and Apple supplier, Luxshare. D

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