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DBS Private Bank now Asia’s eighth largest following completed acquisition

Following their announcement in March this year to purchase Société Générale’s private banking business in Asia, DBS has now completed the acquisition, upgrading it to the eighth largest private bank in Asia by assets under management (AUM). Following the conclusion of the deal, which was believed to be valued at approximately US$220 million or 1.75% of the French private bank’s Asia AUM,…

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