DBS to expand in Middle East, will double number of private bankers
Bank also aims to triple its revenue over the next five years
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Singapore
DBS plans to expand in the Middle East, homing in on a growing wealth segment that looks towards Asia for investment opportunities, the bank said on Tuesday.
It will make its Dubai office a strategic hub for the Middle East, positioning itself as the partner of choice for clients wishing to access the Asian market. South-east Asia's biggest bank intends to double the number of private bankers in Dubai over the next five years, from more than 20 now, a DBS spokeswoman said. Total Dubai branch headcount currently is more than 40.
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