Jackson's Thai move

DBS Bank chief executive, Jackson Tai talks about the rationale for the recent merger of subsidiary, Thai Danu with Thai Military Bank.

Why is this a good deal

Tai It's apparent that banking is about scale, distribution, access to customers, and risk management. If you apply that formula to a very strong country like Thailand - strong in the sense of culture, people and pride - then local content and local contacts are important.

Even outside of Thailand's financial masterplan, it became apparent that our subsidiary, DBS Thai Danu doesn't have the scale and ability to use its distribution might in the same way that we have been able to demonstrate our distribution power in Hong Kong. We are a relatively small player in Thailand, so we don't have the access to customers....

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