{
Ambereen Choudhury

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DBS Expands Wealth Management for Russian Clients Amid Sanction Concerns

DBS Group Holdings has expanded its wealth management team to cater to affluent Russians, hiring private bankers amid a climate where many global banks are retreating due to sanction risks. The bank's stock has surged, reflecting its growth in managing Russian assets, which, while small, is increasing as competitors like UBS and HSBC limit their dealings with such clients. DBS maintains rigorous compliance measures to ensure clients are not subject to sanctions, with a minimum asset requirement of $20 million for Russian clients.
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United States Dollar Russian Ruble Euro DBS Group Holdings Ltd SGP TUR RUS UKR Trista Xinyi Luo Chanyaporn Chanjaroen Ambereen Choudhury Show more
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06:44 03.12.2024
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