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Retail Asia27/07/2021

DBS has appointed a group head of global transaction services, succeeding John Laurens who will be retiring. Lim Soon Chong has been named to the role, according to a statement, effective August 1 this year. Laurens, who first joined DBS in 2014, will remain as a senior adviser to support the transition until December 31. Lim […]

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Retail Asia28/06/2021

The bank is the first in Asia to hold a London Metal Exchange (LME) trading membership outside of London. DBS is one of four Category 4 members on the LME, which allows it to trade and issue client contracts but doesn’t give it clearing abilities. The LME membership paves the way for the bank’s corporate clients in […]

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Retail Asia25/06/2021

The bank is the first in Asia to hold a London Metal Exchange (LME) trading membership outside of London. DBS is one of four Category 4 members on the LME, which allows it to trade and issue client contracts but doesn’t give it clearing abilities. The LME membership paves the way for the bank’s corporate clients in […]

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Retail Asia22/06/2021

The bank is launching a marketplace that for issuers to directly issue their own bonds connect with investors. DBS is launching the Fixed Income Exchange (FIX) to digitalize and make the bond issuance process more efficient, the bank announced on Tuesday in a statement. FIX allows issuers to directly issue bonds to the marketplace, and […]

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Retail Asia18/06/2021

Companies that focus on environmental, social, and governance (ESG) tend to be high-performing companies, therefore investing in a basket of ESG stock will you cannot do too badly with a portfolio ESG stock, DBS chief executive Piyush Gupta said. The truth is that there is a tsunami of money being directed at ESG investments, and […]

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Retail Asia08/06/2021

DBS’ securities joint venture in China will officially commence business operations after receiving its license from the mainland regulator. Securities joint venture DBS Securities (China) will kick off operations, according to a statement, effective immediately after receiving its securities business license from the China Securities and Regulatory Commission. The joint venture will operate brokerage, securities investment […]

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Retail Asia01/06/2021

DBS expands the offering on its digital exchange with its first-ever bond issuance via security token offering. DBS has issued a S$15 million ($11.35 million) bond through a security token offering (STO) on its digital exchange, according to a statement. The bond has a six-month tenor with a coupon rate of 0.60 percent per annum. […]

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Retail Asia25/05/2021

The second edition of the bank’s virtual career fair sees vacancies for women technologists almost treble to 140. The bank is focusing its outreach efforts on filling five engineering roles: Engineering Lead; Solution Architect; ReactJS Developer; Full Stack Developer; and Software Development Engineering in Test, at its Women in Tech» career fair, which is returning […]

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Retail Asia24/05/2021

A veteran in the financial services industry and longtime DBS manager joins Singapore’s Aviva Singlife as its new group CEO. Pearlyn Phau Yee Meng will join Singapore’s Aviva Singlife as Executive Director and group CEO, the firm announced in a media release on Monday. Subject to regulatory approval, Phau Yee Meng’s appointment as group CEO will be effective […]

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Retail Asia18/05/2021

The lack of a physical presence, short track records, limited offerings, and other factors will act as hurdles for digital-only banks to overcome, according to DBS’ Hong Kong head of consumer banking group and wealth management Ajay Mathur. Banks and other financial service providers used to compete along with price, product, and convenience but increasingly […]

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Retail Asia17/05/2021

DBS enlarges its cryptocurrency offering with a trust solution from its private banking arm amid growing demand for the asset class even within wealth succession plans. DBS Private Bank launches its cryptocurrency trust solution via wholly-owned DBS Trustee, according to a statement. The new trust offering is limited to cryptocurrencies currently supported by the bank’s […]

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Retail Asia14/05/2021

DBS enlarges its cryptocurrency offering with a trust solution from its private banking arm amid growing demand for the asset class even within wealth succession plans. DBS Private Bank launches its cryptocurrency trust solution via wholly-owned DBS Trustee, according to a statement. The new trust offering is limited to cryptocurrencies currently supported by the bank’s […]

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Retail Asia10/05/2021

The bank is seeing more traction for its crypto assets business, which provides cryptocurrency trading and digital custody for accredited investors. Daily trading value on DBS’ digital exchange has grown tenfold since its launch to reach $30-40 million, with an investor base of 120 accredited investors and some S$80 million in digital assets under custody, DBS chief Piyush Gupta said […]

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Retail Asia05/05/2021

Citi is keen to exit its India consumer banking operations soon and would like to sell the entire set-up in one go, sources told India media. Talks with DBS Bank are at an advanced stage and they are keen to take up the entire consumer banking operation,» a person familiar with the matter said. DBS […]

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Retail Asia30/04/2021

The board is recommending an interim dividend of 18 cents per share, to which the scrip dividend scheme will be applied. Net profit at DBS grew to S$2.01 billion ($1.52 billion) for the January-March period, up from S$1.01 in the previous quarter and 72 percent higher year-on-year, according to first-quarter earnings posted on Friday. It […]

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Retail Asia29/04/2021

The trio is developing an open industry platform that aims to reimagine and accelerate value movements for payments, trade, and foreign exchange settlement. Partior aims to disrupt the cross-border payments landscape by using blockchain and smart contracts to make digital clearing and settlement more efficient and address common pain points such as multiple validations on […]

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Retail Asia23/04/2021

The bank, which made its first deal on the platform last year, has moved from Contour’s beta network to its production network. DBS will offer streamlined digital letters of credit transactions, including the transfer of electronic trade and title documents, for customers across Australia, China, Hong Kong, and Singapore from this month on Contour, according to […]

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Retail Asia21/04/2021

The bank will accelerate its expansion in the rapidly growing Greater Bay Area with a stake in Shenzhen Rural Commercial Bank. DBS has entered into an agreement to acquire a 13 percent stake in Shenzhen Rural Commercial Bank in a deal valued at RMB 5.286 billion ($813.2 million), as part of its strategy of investing in its core […]

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Retail Asia19/04/2021

As part of its efforts to support the transition to a low-carbon future, the bank has set a target of 2039 to cut its thermal coal exposure to zero. DBS, Southeast Asia’s largest bank, has announced plans to reach its goal of zero thermal coal exposure by 2039, and will focus instead on the development […]

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Retail Asia12/04/2021

DBS is the latest global bank to offload more office space, this time in a Singapore building where it is the anchor tenant. DBS will give up about two and a half floors out of the more than a dozen floors it occupies at Tower 3 of the Marina Bay Financial Centre, according to a […]

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