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People's Daily Online>>China Business

DBS Plans 10% Rise in Staff

(Shanghai Daily)

14:55, December 06, 2011

DBS aims to increase its staff strength in its treasury and market units by up to 10 percent in 2012 due to rising demand for currency trading, especially the yuan, Jacky Tai, the bank's head of treasury and markets in China, said yesterday in Shanghai.

Its revenue from this business may grow 50 percent annually this year, he said.

Southeast Asia's biggest bank will tap the yuan's rise to become a major offshore trader of the currency, he said.

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