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DBS' new CEO eyes 'bolt-on' acquisitions to bolster tech capabilities

SINGAPORE] DBS Group's incoming CEO Tan Su Shan is eyeing "bolt-on" acquisitions that align with the Singaporean lender's digital and AI-driven priorities, while focusing on boosting high-return businesses such as wealth and transaction banking.
DBS Group Holdings Ltd.'s new CEO, Piyush Gupta, has expressed interest in pursuing "bolt-on acquisitions" to enhance the bank's technological capabilities. Gupta, who has been with DBS for 13 years, aims to leverage these acquisitions to improve the bank's digital offerings and maintain its competitive edge in the financial sector. This strategy comes at a time when DBS is already recognized for its digital innovation, having been named the world's best digital bank by Euromoney. The focus on technology acquisitions is part of a broader plan to ensure DBS remains at the forefront of banking technology, adapting to the rapidly evolving digital landscape.

Read the Full Reuters Article at:
https://www.msn.com/en-gb/money/other/dbs-new-ceo-tan-eyes-bolt-on-acquisitions-to-bolster-tech-capabilities/ar-AA1Bx6PJ