DBS Group Holdings Ltd. (DBS) will invest S$250 million ($198 million) to expand private banking over five years, including hiring in China and setting up an international desk focusing on the Middle East and emerging markets.
The bank, Southeast Asia’s largest, started a service targeting individuals with more than S$1.5 million of investable assets, it said in Singapore today. That is an extension of its private banking operation, which caters to customers with more than S$5 million each. Full story
