CHALLENGES Away?
Ms. Tan’s replacement is likely to provide balance and stability, but Mr. Thilan cited difficulties she may encounter.
The first is a fundamental decline in North Asia, particularly in China and Hong Kong, where about a fourth of DBS’s text is located.
In the meantime, other central banks are likely to follow suit, as are the Federal Reserve of the United States, who is scheduled to rapidly cut rates.
One of the biggest difficulties that she will face is “managing the bank company, which has experienced tremendous percentage growth over the past couple of years, to a place where profits are going to begin to start to fall,” Mr. Thilan said.
According to Prof. Loh, Ms. Tan will need to “burn the light at two stops.”
He said that means she has to “fortify privately” by ensuring that are solid systems to climate possible disruptions, and “expand directly” by doing more on the expense banking, wealth management and insurance, beyond ,
If interest rates start to come along, businesses ‘ interest-based revenue will drop, he said.
” So banks, no simply DBS, should now be really augmenting other income channels”.