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 Cookies before 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.

The Stanchart rumour

There is a rumour that Temasek would like to combine Standard Chartered with DBS in order to create a true, global, Singapore-headquartered powerhouse. It’s a great theory. But does it stand up?

Jackson Tai, CEO of DBS Bank: The house that Jack built? At the moment, Temasek doesn’t have the clout in Stanchart to make it happen even if it wanted to: it holds 13% of the stock. Besides, according to Temasek itself, that’s not its style. "The option you point out is an option among many others," says Simon Israel, Temasek’s executive director. "Standard Chartered conceptually could be combined with many other banks, and we have an interest in some of those banks. But ultimately the decisions on these things are in the hands of the boards of individual companies. We would be much more looking at the parties to recognize opportunities for themselves than for us to sit there as the puppet master trying to orchestrate these things."

But would it make sense? From the Singapore end, sure: it would give global scale to the institution, and build a stronger presence in all sorts of Asian markets. "But put yourself in the shoes of Standard Chartered," says an analyst. "DBS is Singapore and Hong Kong; Standard Chartered already has a presence in both and they’re the two most saturated markets in Asia.

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.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

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

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, 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

LOGIN NOW

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