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Barclays deal stokes Singapore rivalry in fight for scale

Bernadette Tio
It’s a case of déjà vu for Singapore’s DBS, which has lost out to local rival OCBC – as in the ING private bank deal in 2010 – in the race for Barclays’ Asian wealth unit. UOB was also bidding.
Barclays deal stokes Singapore rivalry in fight for scale

Singapore’s OCBC has scored another win over local rival DBS in the battle for private bank assets with the purchase of Barclay’s wealth and investment management (WIM) business in Asia, amid ongoing industry consolidation.

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