DBS : D05 0% on Friday (Feb 2) said it will merge its treasury markets business with equity capital markets, brokerage DBS Vickers and DBS Digital Exchange (DDEX).

The organisational changes come in tandem with the retirement of Eng-Kwok Seat Moey, DBS’ group head of capital markets, who is stepping down after 36 years with the bank.

The enlarged group will be renamed Global Financial Markets (GFM) from Mar 1. Treasury markets head Andrew Ng will oversee the enlarged group as head of GFM.