DBS: Bank priorities lie in keeping corporates in business
Relief for corporates reeling from the coronavirus will be the bank’s top focus for some time, says its global head of transaction banking.
It was a completely different world the last time Euromoney met with John Laurens, global head of transaction banking at DBS.
Back in September 2019, thousands of people had gathered at London’s ExCel Centre for Sibos: four days of transaction banking speeches, panel discussions and seminars.
Today, the convention centre has been transformed into an emergency 4,000-bed hospital for Covid-19 patients as infection rates in the UK continue to grow.
“The human and social impact the virus is having on the world puts everything we discuss today in perspective,” says Laurens over the phone from his family home in Jersey, where he has been since the middle of March.
“But amid all of this tragedy and destruction, there are some good things going on,” he says.