DBS Asia

DBS bulks up in battle for Asia's billionaires

DBS Bank’s purchase of Société Générale’s Asian private bank underscores the importance of scale in the cut-throat world of banking the ultra rich.
DBS Chief Executive Piyush Gupta calls acquisition a "watershed event"
DBS Chief Executive Piyush Gupta calls acquisition a "watershed event"
March 17, 2014

DBS said on Monday that it was buying Société Générale’s Asian private banking business in Singapore and Hong Kong for US$220 million in cash, handing it deep relationships with some of Asia’s most wealthy individuals.

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