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DBS to merge retail equities trading into bank by year-end

DBS Vickers will continue to focus on its institutional clients

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.

In response to queries from The Business Times, a DBS spokesman explained that over the years, the bank has noticed growing demand among customers for a one-stop platform which allows access to a full array of banking, brokerage and wealth management solutions.

"In 2013, we...

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