DBS Vickers fends off competition with scale and ambition

Singapore

AS competition in the brokerage space heats up, with new online players entering the market and commissions falling, DBS Vickers (DBSV) is counting on its position as part of a larger banking group to give it an edge.

Lionel Lim, chief executive officer of DBS Bank's brokerage arm, told The Business Times that a collaborative approach has allowed it to tap resources from parts of the bank to provide customers with more offerings.