DBS consolidates its position in the Singapore market

DBS's Singapore treasury and markets division sees income rise of 10%

Thio Tse Chong, DBS

This year saw DBS consolidate its position as the dominant bank in Singapore. Backed by a cast-iron balance sheet and some of the highest credit ratings among banks the region – it is rated AA– by Standard & Poor's and Aa1 by Moody's – the firm has continued to expand. While the broader group is active across 15 markets, the head office is the booking centre for a range of activities across all major derivative asset classes: foreign exchange, interest rates, equities, commodities and fixed-inco