Alt Investments
DBS To Launch Private Bank Product With Sovereign Wealth Fund
DBS Group,
Singapore’s largest bank, is set to announce a tie-up with a
sovereign wealth
fund to launch a product for its high net worth clients according
to media
reports.
The private equity product that will be available to its private
banking
clients, according to Bloomberg quoting
Su Shan Tan, head of wealth management at DBS.
She did not give the name
of the state fund. Temasek Holdings Pte, Singapore’s
state-owned
investment company, is the bank’s biggest shareholder with a 27
percent stake,
according to data compiled by Bloomberg.
