Takeover king: DBS clinches top spot as Southeast Asia’s biggest M&A adviser

Business from Temasek vaulted it to the top.

For the first time in its four decade-long history, DBS has clinched the top spot as Southeast Asia’s biggest takeover adviser, a report from Bloomberg revealed today.

According to Bloomberg, the bank climbed from No. 24 a year ago following work on $16.6 billion of deals in the first half, including the region’s largest acquisition in the period.

“DBS’s jump may lead to higher investment-banking income at the Singapore-based bank, which will probably report a 4 percent gain in second-quarter profit tomorrow,” stated Bloomberg’s report.

Read the report in full here.