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HONG KONG,25 July 2018 -

With the digital revolution, DBS, which was recently named “World’s Best Digital Bank” and “Asia’s Best Digital Bank” in 2018 by Euromoney, has been reimagining banking, with a commitment to deliver banking so simple, seamless and invisible, that customers have more time to spend on the people and things they care about, or “Live more, Bank less”.

Starting from the fourth quarter of 2018, DBS Vickers (Hong Kong) Limited’s retail customers will be able to enjoy a more seamless, efficient and hassle-free banking experience with the transfer of its retail business to DBS Bank (Hong Kong) Limited. The move will enable the bank to better focus on the retail brokerage business as a priority area for growth, investment and digitisation, and achieve further synergies. The transfer will involve customer relationships and employees.

In addition to the existing brokerage services DBS Vickers (Hong Kong)’s retail customers currently enjoy, the transfer will provide them with access to DBS Bank (Hong Kong)’s robust platform for equities trading as well as a wide range of investment options, including FX, bonds, structured products, unit trusts, and more. As well as benefitting from DBS Bank (Hong Kong)’s Relationship Managers, customers will enjoy the convenience of online and mobile equities trading across seven key markets 24x7 with the all-in-one DBS iWealth app for wealth management, along with real-time FX capabilities.

DBS Vickers (Hong Kong) customers are being informed of the transfer by letter.

DBS Vickers (Hong Kong) will continue to be the execution broker for the bank, and focus on institutional clients.


About DBS

DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

DBS is at the forefront of leveraging digital technology to shape the future of banking, and has been named “World’s Best Digital Bank” by Euromoney. The bank has also been recognised for its leadership in the region, having been named “Asia’s Best Bank” by several publications including The Banker, Global Finance, IFR Asia and Euromoney since 2012. In addition, the bank has been named “Safest Bank in Asia” by Global Finance for nine consecutive years from 2009 to 2017.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 26,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.

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