SUBSCRIBERS

'Sunset' brokerage model must change: DBS chief

Future of the brokerage industry will be a lot more digital, says Piyush Gupta

Published Thu, Apr 27, 2017 · 09:50 PM

Singapore

THE "sunset industry" that is the brokerage business will have to move into the digital age, as commissions continue to shrink, said DBS chief executive Piyush Gupta at the bank's shareholders' meeting on Thursday.

Responding to a shareholders' question that touched on competition for DBS Vickers, Mr Gupta noted that customers in time will need to transact on their own.

"Brokerage i…

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

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here