'Sunset' brokerage model must change: DBS chief
Future of the brokerage industry will be a lot more digital, says Piyush Gupta
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE "sunset industry" that is the brokerage business will have to move into the digital age, as commissions continue to shrink, said DBS chief executive Piyush Gupta at the bank's shareholders' meeting on Thursday.
Responding to a shareholders' question that touched on competition for DBS Vickers, Mr Gupta noted that customers in time will need to transact on their own.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
