DBS keen on RBS's Coutts, says CEO

Singapore

DBS Group Holdings is interested in buying Coutts International, the non-UK private banking business of the Royal Bank of Scotland (RBS).

"We will take a look at Coutts when it comes on the block," said DBS chief executive Piyush Gupta on Friday. Goldman Sachs has been appointed to handle the sale and he "understands it'll go to market by the end of the year". Mr Gupta was speaking at a media briefing on the bank's Q3 results.