Jackson wants to end Singapore five

Jackson Tai, president of DBS, talks about the bank''s bid for OUB.

What are the synergies between the two banks if the merger with OUB goes ahead

We believe the transaction is value-enhancing. Number one, we believe we at DSB have a strong track record in market consolidation, as well as integrating operations throughout the region. We know we can extract significant cost savings. Secondly, the transaction brings a lot of non-core assets and I think DBS has demonstrated that in Singapore, we have the capability and discipline to unleash unrealised gains and redeploy it for shareholders. In the last 24 months we have monetized $2 billion of DBS assets. So, with all humility, no bank in Singapore has our track record, both in monetizing assets...

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