The new chief of Singapore’s DBS Group (DBSM.SI) plans to earn more from Southeast Asia and India by broadening consumer and private banking services, even as analysts raised concerns about the bank’s latest quarterly earnings boost.
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In his first news briefing since taking over at Southeast Asia’s largest bank late last year, Piyush Gupta, outlined plans to shift the bank’s focus, with Southeast and South Asia to account for 30% of revenue in five years, with the same coming from Greater China, while Singapore’s share would drop to 40% from 60%.
