DBS completes acquisition of ANZ's wealth, retail units in five Asian markets

DBS completes acquisition of ANZ's wealth, retail units in five Asian markets

DBS bank building at night in the central business district of Singapore. Photographer: Nicky Loh/Bloomberg

Singapore-headquartered and listed lender DBS Bank Ltd (DBS) announced on Monday that it has completed the acquisition of Australia & New Zealand Banking Group Ltd (ANZ)’s wealth management and retail banking businesses in Singapore, Hong Kong, Mainland China, Taiwan, and Indonesia.

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