DBS sees strong growth in private bank business

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

.DBSbank sees strong growth in private bank business

The PB segment has benefited from inflows from its traditional markets such as Asean and Greater China, but it is also seeing inflows from Europe and the US, particularly from family offices looking to establish a foothold to invest in Asia.

Meanwhile high-net-worth clients have raised cash holdings to up to 40 per cent since the Covid-19 crisis, from a typical allocation of under 30 per cent. Mr Poon said clients are looking for opportunities to invest on the back of weaker asset prices."They believe there would be distressed assets or distressed prices going forward."

It has structured an investment note based on the barbell strategy - the DBS CIO Barbell Note. As at July 27 , the note has chalked up year-to-date returns of 11 per cent net of fees, outperforming its benchmark by about 6 per cent.

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:

 /  🏆 15. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

DBS gets regulatory nod to set up JV securities company in ChinaDBS Group has received the green light from the China Securities Regulatory Commission (CSRC) to establish a joint venture (JV) securities company known as DBS Securities (China), in which DBS will have a controlling stake of 51 per cent. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

DBS gets nod to set up joint venture securities company in ChinaSINGAPORE (THE BUSINESS TIMES) - DBS Group has received the green light from the China Securities Regulatory Commission (CSRC) to establish a joint venture (JV) securities company known as DBS Securities (China), in which DBS will have a controlling stake of 51 per cent.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »