Pain from Brexit on Britain, EU may be exaggerated: DBS chief

Singapore

TAKING a contrarian view, DBS chief Piyush Gupta on Friday argued that the stunning "Brexit" result may not hurt Britain as dramatically as is perceived, and that a European Union (EU) that is less centrally managed might create a more sustainable region.

"I think the true structural impact from Brexit on Britain is exaggerated," he told reporters on the sidelines of DBS's first institutional investors symposium.