DBS CEO: «Singapore Has Built a Very Precious Commodity – Trust»
The chief executive officer of DBS spoke about how Singapore can respond to the uncertain macro environment, citing trust as a major component that will continue to drive success.
According to DBS CEO Tan Su Shan, Singapore has established itself as a reputable hub where entrepreneurs can store data and IP, achieve interoperability and create sandboxes for experimentation in areas such as healthtech, biotech and software.
«Over the years, Singapore has built a very precious commodity – trust. I remember meeting Jack Ma 10, 15 years ago with my Chairman and then CEO. He said to us, 'Singaporeans don't understand how much trust people have with you’,» she said in the opening remarks of the bank’s event that included a conversation with the Monetary Authority of Singapore’s deputy chair Chee Hong Tat.
«From private banking and wealth management to pharmaceuticals, health supplements and food. Singapore has built bridges between both East and West, and we continue to have an important part to play as trusted hub.»
«Four D's»
On Singapore's response to ongoing uncertainty, Tan named what she called the «four D’s» for considerations. They include defending the country’s existing strengths, disrupting the environment to avoid complacency, embracing the digital age and diversification of supply chains and sources of demand.
«I’d like to end with a last bonus D. It is worth reflecting that Singapore was seen as an improbable nation and yet here we are. If you want to be bold and ambitious, have a partner that you can depend on through thick and thin, and have a partner who has the spirit of innovation,» Tan exclaimed.
«Think about the last D, and that is DBS. We are your Dependable bank. We share your global ambitions. We want you to succeed. We want you to reach new heights.»
