DBS aims to double Singapore bancassurance clients in a few years
Lender plans to amass a million customers here; it will also continue hiring relationship managers
Singapore
DBS wants to grow bancassurance revenues and double its Singapore clients to one million in the next few years, as the unit contributes more and more to the bank's wealth management business.
"We're looking at 30 per cent or so continuing growth. We've averaged that over the last several years and we expect that to continue," Richard Vargo, regional head of bancassurance at South-east Asia's largest lender, said at a media briefing on Thursday.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution