Singapore’s DBS Bank has revealed plans to launch its securities business in Japan to facilitate growing Asia-Japan investment flows.
Scheduled to start operations on 18 August 2016, the new business will target institutional investors and companies in Japan looking to invest in Asia.
With the expansion, the bank aims to capitalise on the move by Japanese institutional investors to seek yields in overseas markets amidst the country’s sluggish domestic growth and rapidly ageing population.
DBS said that it will offer strong Asian credits with higher yields to investors in Japan that will serve as an alternative to the country’s existing low and negative interest rate environment.
The new business will be led by Mana Nabeshima.
“This year marks the 50th anniversary of diplomatic relations between Singapore and Japan so we are pleased to be able to contribute to Japan’s financial markets by expanding our service offering to institutional investors and companies in Japan. DBS will be able to act as an intermediary of investment flows between Asian corporates and Japanese investors with our high credit rating, strong capital position, unique Asian insights and extensive network in Asia,” Nabeshima commented.
Nabeshima joined DBS in 2015, and was responsible to build the bank’s business across all product segments in Japan.
Prior to joining DBS, she was a managing director at Goldman Sachs in Singapore and Tokyo for 12 years, covering the Japanese institutional segment in the fixed income division. She has also worked in derivatives sales and private banking at Citibank.