DBS aims for wealth business to hit S$300b AUM by 2023

📆 9/12/2019 3:23 AM
📰 BusinessTimes

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

DBS is gunning for a 7 to 8 per cent annual growth in assets under management (AUM) over the next couple of years, bringing its current AUM base of about S$234 billion to S$300 billion by 2023, its newly minted group head of consumer banking and wealth management business Lim S Sim told The Business Times. Read more at The Business Times.

"Headcount is like fighting tomorrow's war using yesterday's method," says Mr Lim. "We still need more people on the ground but we need to equip them to be more productive.

"DBS is gunning for a 7 to 8 per cent annual growth in assets under management over the next couple of years, bringing its current AUM base of about S$234 billion to S$300 billion by 2023, its newly minted group head of consumer banking and wealth management business Lim S...

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan downgrades Q2 GDP as trade war hits business investmentJAPAN'S economy grew at a slower pace than initially estimated in the second quarter as the US-China trade war prompted a downward revision of business spending, intensifying calls for the central bank to deepen stimulus this month. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »