February 2001
John Olds decides to move on
Olds joined DBS as CEO in mid-1998, the First foreigner to run a Singapore bank. He has since been overseeing a complete overhaul of the bank’s business lines, transforming the institution from the last vestiges of its role as a traditional development bank lending at low margins, to one hoping to dominate at the retail and wholesale level, both in Singapore and Asia-wide.
John Olds sits in his office on the 45th floor of DBS Tower
One, outlining what he hopes will be an ever-improving set of
results for the largest of Singapore's banks. Olds joined DBS as
CEO in mid-1998, the First foreigner to run a Singapore bank. He
has since been overseeing a complete overhaul of the bank's
business lines, transforming the institution from the last vestiges
of its role as a traditional development bank lending at low
margins, to one hoping to dominate at the retail and wholesale
level, both in Singapore and Asia-wide.
DBS's return on equity has always been low, rising from 1.3%...
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