THIS MONTH, THE chief executive of Singapore’s DBS Bank, Jackson Tai, will step down. With his departure to the US, Asia loses a strident advocate of the idea that a powerful pan-Asian institution can be built without the irksome distractions of a London or New York head office, or indeed more than a handful of westerners on the board or in management.
Tai is well known for his vision that DBS should be a pan-Asian bank, headquartered in Asia, run by Asians, for Asians.
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