Cash management is king for DBS
It is expected to hit its 2020 target to quadruple its cash management business by this year and will expand its transaction banking business in Vietnam, China
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DBS looks to hit a five-year target to quadruple its cash management business by 2020 a year ahead, and will expand its transaction banking business in growth markets such as Vietnam and China's Greater Bay Area, said John Laurens, DBS group head of global transaction services (GTS).
With the uncertainties from the US-China trade war, the bank is starting to see the re-plumbing of trade flows within Asia, Mr Laurens told The Business Times.
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