DBS expanding securities biz to Japan

Reported by: |Updated: July 25, 2016

DBSDBS is all set to expand its securities business into Japan by August. The bank, which received a license from Japan’s Financial Services Agency, will establish a securities unit in the country and target institutional investors struggling to make money under negative interest rates. In Japan, DBS sees an opportunity to offer high-quality debt with more attractive yields to regional banks, trust banks and other institutional investors. DBS has overseas presence concentrated in Asian countries and regions such as Hong Kong, Indonesia and India.