DBS to merge retail equities trading into bank by year-end
DBS Vickers will continue to focus on its institutional clients
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Angela Tan
Singapore
DBS, Southeast Asia's largest bank by market value, will transfer its retail equity trading under DBS Vickers to the bank by the end of the year, leaving the securities and derivatives arm to focus on its institutional clients.
At an hour-long townhall meeting on Wednesday evening with sales representatives from DBS Vickers, senior management shared this integration strategy, a move the bank initiated six years ago.
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