FinanceAsia Country Achievement Awards - Singapore

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.