The deal will create an entity with $45 billion under management in Asia, but there are obstacles to integrating the businesses, note industry observers.
Piyush Gupta, CEO of DBS, warns that uncertainty over Donald Trump’s policies will be a headache for Asian strategists — but the long-term impact on interest rates will be a boon for banks.
Singapore’s DBS is hungry for more acquisitions after agreeing to buy ANZ’s Asia retail and wealth business. But ABN Amro’s Asian private bank may be another step too far, too fast.