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DBS fixed income business reaches new highs

Singapore

DBS Bank's fixed income business continues to expand even as other bond houses exit the market amid challenging conditions.

It's not just widening its lead over the rest of the pack in its traditional home market Singapore, DBS is also increasingly the go-to bank for Chinese issuers.

"More Asian powerhouses are coming up," said Clifford Lee, DBS Bank head of fixed income, as opportunities for regional banks open up with some previous incumbents leaving the market.

DBS has increased its lead as number one bond house in Singapore with a market share of 41 per cent in year-to-Dec 4, 2015, versus 35 per cent in 2014. Every year from 2009 to 2014, DBS has been the Singapore dollar (SGD) bond...

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