DBS completes buying SocGen's Asian private banking business

DBS Bank has completed its purchase of the Asian private banking business of Societe Generale in Singapore and Hong Kong, as well as selected parts of its trust business.

The group noted that DBS Private Bank and Societe Generale Private Banking Asia (SGPB Asia) are highly complementary in terms of clients, geographical coverage as well as product and service offerings. The completion of the acquisition significantly increases the scale of DBS' wealth …