The additions came as DBS has become a go-to wealth manager for rich Russians in Asia after hiring a cohort of private bankers from rivals including Credit Suisse and Julius Baer Group over the past two years.
DBS Group Holdings has beefed up its wealth management team to cater to rich Russians at a time when many global rivals are staying away from the business amid concerns over widening sanction risks.
Singapore’s biggest lender hired two people in recent months, expanding the number of Russian-speaking private bankers in the city-state to at least nine, according to public records. One of the hires joined in June from Union Bancaire Privee while the other banker who was previously with Credit Suisse started in September.
