DBS considers expanding into hedge fund prime brokerage services
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On November 5, 2026, Finance Magnates reported that Singapore’s DBS Bank is considering expanding its prime brokerage services for hedge funds and other institutional investors. DBS Group Chief Executive Officer Tan Su Shan said the bank already has custody, market access, and trading capabilities, but has not yet determined the specific structure of the business. The report also stated that DBS’s third-quarter market trading revenue fell 65% year-on-year to S$152 million, while net profit fell 5% year-on-year to S$2.81 billion.
AI-written from reports · updated 3 hours ago
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- Finance MagnatesSingapore’s DBS Bank considers expanding into prime brokerage for hedge funds as trading revenue plunges 65%
DBS Group is considering offering prime brokerage services to hedge funds and other institutional investors. CEO Tan Su Shan said the bank already has custody, market access and trading capabilities, but has not yet determined the business structure. Third-quarter markets trading income fell 65% year on year to S$152 million, while net profit declined 5% year on year to S$2.81 billion.
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