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Market Chatter: DBS, Granite Asia Form Three-Year Partnership

MT Newswires
Feb 24

DBS (SGX:D05) signed a three-year partnership with Granite Asia which will allow the bank to create investment products for its wealth clients, according to a report by Reuters on Monday.

The partnership includes the closing of an artificial intelligence-focused initial public offering fund worth $110 million, which is managed by Granite Asia, the report said.

Granite Asia will also develop additional funds for DBS clients and currently has around $10 billion in assets under management, the report showed.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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