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DBS’ Piyush Gupta: Wealth unit reaping benefits of “common platform” and digitisation

The cost/income ratio of DBS’ HNW wealth management business has fallen below 59% – significantly less than the industry norm – thanks to the success of the bank’s “common platform” configuration and its digitisation initiatives, DBS CEO Piyush Gupta said today. “We’re very efficient in wealth management at the top end,” Gupta said while presenting the Singaporean lender’s first-half results….

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