DBS Private Bank's regional ambitions burn bright

Homegrown DBS Private Bank is still on the lookout for acquisitions in Asia, having integrated Société Générale's Asian private banking business.

DBS Private Bank's regional ambitions burn bright

DBS Private Bank, which snapped up Société Générale's Asia private banking business for $220 million last year, is still on the lookout for acquisitions as it seeks to burnish its regional ambitions.

The Singaporean bank integrated SocGen's former Asian private banking arm on October 6, partly accounting for a near-25% rise in assets under management to S$133 billion $98.4 billion as of end-December. SocGen’s clients transferred more than $10 billion of AUM...

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