Apparently it is fashionable in the West to return to “simple” banking.
What can be more simple than PosBank’s model?
Hence the return of ex-CEO of PosBank CEO (a true blue S’porean) as adviser to FT-managed (badly) DBS. some FT fiascos.
Juz read what the new chairman (another true blue S’porean) has said abt the next CEO being a local. The bad news is that it may take another 10 years. Let’s hope the FT countrymen don’t gang up and get rid of him. DBS has been one mother cow for them.