The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

DBS trades on Asia flavour

Like its home country, DBS wants to be an international hub for financial trading across Asia.

No other Asia-domiciled house has made a more forceful attempt to be a regional player than Singapore’s DBS. It has been this way for more than a decade, as one CEO after another has come to fulfil a vision of a bank from Asia, covering Asia. The incumbent CEO, Piyush Gupta, describes it as "the Asian bank of choice for the new Asia".

DBS got its pan-regional ambitions under way with the acquisition of Dao Heng in Hong Kong in 2001 and has been steadily adding pieces and bedding down businesses since.

Today, Gupta aims for a DBS with a 40:30:30 split of earnings in Singapore/Greater China/South and southeast Asia, chiefly India, respectively. In this, it differs from CIMB, the closest comparable player in the region, which aspires only to be a powerhouse in the countries of Asean.

Where does investment banking fit into this? In truth, it’s not the sharpest part of Gupta’s vision; he told Euromoney in September 2010 that "we are really a good commercial bank, a good universal bank".

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree