DBS Bank will focus on India and Indonesia in 2017, according to the bank’s chief executive Piyush Gupta. He said the bank will also remain focused on building leading regional cash management, foreign exchange, debt markets and wealth management franchises. DBS Bank leads foreign banks with expansion plans in India. DBS’ wealth management business has quadrupled over the past six years, and now accounts for to 13 to 14% of group revenue. Gupta said over the next five years, the bank thinks it could get up to 20%. He added that the bank’s top priority for this year is to be prepared for volatility as markets will continue to be choppy.
