From private banking to direct sales, distributors are looking for ways to diversify as compliance rules undermine the profitability of the mass retail segment.
Tag : dbs
In an exclusive interview, the former head of DBS Asset Management talks about her senior relationship management post at the UK bank and what brought her back to the sell-side.
Eleanor Seet has replaced CEO Deborah Ho following the rebranding of DBS Asset Management as Nikko Asset Management Asia. Other new faces have also come in.
Deborah Ho, CEO of DBS Asset Management, outlines how the Singaporean firm and Nikko Asset Management will work together once their deal is approved.
The Japanese firm has bought Australia's Tyndall Investments in the first of what is likely to be a string of regional purchases.
DBS Private Bank hires veteran Chan Kwee Him to spearhead the growth of its high-net-worth business in Indonesia, and also names Bryan Goh as head of alternatives.
The Singaporean firm is implementing Eagle Investment Systems' data management software as part of a wider technology overhaul, with a view to large-scale expansion.
Tan Su-Shan says the Singaporean firm is well positioned to benefit from the easing renminbi rules in Hong Kong and plans to launch another specialist China fund this year.
DBS, JP Morgan and UBS voice concern about mass poaching of relationship managers, noting that clients are tiring of the recruitment 'merry-go-round'.
The $20 billion DBS Asset Management business is reportedly in play as a means of creating a bigger regional fund-management company.
Standard Chartered veteran Lim Say Boon will take up the investment head post, while Oliver Crespin has joined from Citi Private Bank as chief operating officer.
Asia, and emerging markets in general, have often been treated as a homogeneous whole in asset portfolios. That's starting to change, says Michael Syn of DBS Asset Management.