Best Domestic Commercial Bank DBS
Is John Olds the Steve Jobs of Singaporean banking We think so. The remodelling of Development Bank of Singapore DBS that has gone on since Olds arrived is truly remarkable. After a long and successful career with JP Morgan, he came to DBS a rejuvenated man, with a mandate to convert a powerful but stuffy bank into a regional powerhouse to compete with HSBC. Until Olds arrived it looked to be one initial short of a chance. Not any more.
It has been one of the few Singaporean entities to be successful in making acquisitions around the region. In the Lion...