Next week sees the deadline for final bids to acquire Societe Generale’s private banking arm in Asia.

As exclusively reported by PBI, Standard Chartered, DBS Group and Singapore’s United Overseas Bank are all understood to have made bids for the branch. Each bid is worth around the region of $550 million.

Moreover, the acquisition of the arm, which manages over $10 billion in assets, could lead to major shifts in the private banking world. If acquired by DBS, the bank could overtake Deutsche Bank and Morgan Stanley in the wealth management sector within Asia-Pacific.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.