Deals
DBS, Bank of Singapore Ready for Acquisitions in Wealth Mission
- Executives say the banks would look at deals that emerge
- Firms seeking to compete with larger western rivals in Asia
Bank of Singapore Seizing Opportunities in Asia
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DBS Group Holdings Ltd. and Bank of Singapore, Asia’s largest home-grown private banks, will consider more acquisitions as they grapple for a bigger slice of business from the region’s growing number of millionaires.
DBS would look at any deal that fits with its strategy and is at the “right” price, the bank’s consumer and wealth head Tan Su Shan told Bloomberg Television’s Haslinda Amin on Tuesday. Bank of Singapore, Oversea-Chinese Banking Corp.’s private-banking arm, “will definitely evaluate” any opportunities, Chief Executive Officer Bahren Shaari said in a separate TV interview.