DBS has named Hou Wey Fook as its new chief investment officer for consumer banking and wealth management, according to a statement from the firm.
Tag: DBS
Research notes of the week – 17 July 2017
FSA presents a selection of research commentary released this week.
The FSA Spy market buzz – 14 July 2017
DBS hires; BNY Mellon IM adds; UBS and Maria; new funds on FSM One; searching for assets; top 400 managers; ETF hype and reality, and much more…
DBS HK blames `perfect storm’ for profit drop
DBS Hong Kong experienced a 35% decline in profit to HK$4bn ($520m) in 2016, in large part as a result of renminbi depreciation and China’s looser monetary policy.
Asia’s wealth business `rationalisation’ to continue
The BOS purchase of Barclays’ assets has completed, but it is only one of several wealth management acquisitions in Asia as the trend toward scale continues, according to Mark Wightman, EY’s Singapore-based partner for wealth and management advisory.
The FSA Spy market buzz – 14 October 2016
Hang Seng’s bestsellers; CIMB concentrates; Phillip’s new ETF; Competition in HK; Capital Group’s observation; DBS on the fence; Nanny UOB and much more.
DBS PB poaches UBS WM head
Joseph Poon has left UBS Wealth Management to serve as regional head of Southeast Asia for DBS Private Bank.
Singapore to act against four banks over 1MDB scandal
Singapore’s MAS plans to take action against four major banks, including a Swiss private bank, over their involvement with the scandal-ridden Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB).
DBS front runner for Barclay’s HK and Singapore wealth units
Singapore’s DBS Group is reported to be the front runner to buy Barclay’s Hong Kong and Singapore private wealth units, reports the Straits Times.
DBS Private Bank plans to expand alts
Market volatility is driving investor interest in alternatives, and Singapore’s DBS Private Bank plans to onboard more alternative asset managers while adding staff with expertise in this area, said Kelvin Tan, head of investment funds.