The jewel in DBS's crown

THE last two years have been tough and Singapore is on the verge of tipping into a recession, yet DBS Bank's consumer banking/wealth management business is enjoying robust growth and has become the crown jewel of South-east Asia's largest bank.

Despite market shocks and slowing economic growth, DBS's wealth management and consumer banking business will see double-digit growth this year," said Pearlyn Phau, DBS deputy group head of consumer banking and wealth management.

"Despite 2015 being challenging and 2016 more difficult, year-on-year we're still looking at double-digit growth," said Ms Phau in an interview with The Business Times last Wednesday.