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The jewel in DBS's crown

The wealth management and consumer banking business is on a roll with profit before tax up 49% for the nine months ended Sept 30.
Monday, November 21, 2016 - 05:50

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"Despite 2015 being challenging and 2016 more difficult, year-on-year we're still looking at double-digit growth." - Pearlyn Phau, DBS deputy group head of consumer banking and wealth management

THE last two years have been tough and Singapore is on the verge of tipping into a recession, yet DBS Bank's consumer banking/wealth management business is enjoying robust growth and has become the crown jewel of South-east Asia's largest bank.

Despite market shocks and slowing economic

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