Singapore’s DBS is hungry for more acquisitions after agreeing to buy ANZ’s Asia retail and wealth business. But ABN Amro’s Asian private bank may be another step too far, too fast.
The UK equity house is readying a vehicle focused on Asia Reits and infrastructure that will target institutions. Meanwhile, CEO Willie Watt praised Beijing's recent regulatory climbdown.
The Swiss private bank is seeking relationship managers and team heads as it strives to deepen its Asia presence after acquiring Coutts International’s assets.
The Korean firm has pledged to bring more global and alternative solutions to local investors after its acquisition of $20 billion Woori Asset Management was finalised yesterday.
DBS’s purchase of Société Générale’s Asia private banking business could presage similar east-west tie-ups, says consultancy Scorpio Partnership.
Singapore-based DBS's acquisition of Société Générale's Asian private bank is expected to result in business synergies, but also the layoffs of some middle- and back-office staff.