DBS Private Bank, which snapped up Société Générale's Asia private banking business for $220 million last year, is still on the lookout for acquisitions as it seeks to burnish its regional ambitions.
The Singaporean bank integrated SocGen's former Asian private banking arm on October 6, partly accounting for a near-25% rise in assets under management to S$133 billion $98.4 billion as of end-December. SocGen’s clients transferred more than $10 billion of AUM to DBS.
The integration has gone well, above expectations, Tan Su Shan, DBS's energetic group head of consumer banking wealth management, told FinanceAsia in an interview. We are very...
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