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DBS eyes growth from financial institutions business

It expects this segment to double in revenue to S$1b over 3-5 years as it taps Asia's big growth in managed assets

"Global banks have been withdrawing from this region," says Soh Kian Tiong, DBS global head of financial institutions and government-linked corporations. "We can effectively fill up that vacuum."


DBS expects its financial institutions group to double in revenue to S$1 billion over the next three to five years, and is in advanced stages to apply for a licence in Japan that would allow it to distribute investment products onshore, a senior executive said on Monday.


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