DBS expands HK private banking headcount by 25% on better fund flow

Singapore’s biggest lender is moving in as some of the older international banks in Hong Kong scale back. — Bloomberg

HONG KONG: DBS Group Holdings Ltd is hiring more private bankers here where the bank is increasingly attracting money from both mainland China and Taiwan, according to North Asia business head Sebastian Paredes.

The number of clients acquired from mainland China totalled close to 1,200 this year, Paredes told David Ingles in an interview on Bloomberg TV.