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DBS plans more hiring for private bank business

Fri Nov 6, 2009 4:19am EST

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SINGAPORE, Nov 6 (Reuters) - DBS Group (DBSM.SI), Southeast Asia's biggest bank, plans to hire more relationship managers for its private bank operation, its chairman Koh Boon Hwee said on Friday.

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"Private banking is an area we want to be successful in," Koh said at a news conference.

DBS Group earlier on Friday said third-quarter profit rose a better-than-expected 49 percent on strong interest rate margins and lower bad debt charges.

(Reporting by Saeed Azhar and Kevin Lim; Editing by Nopporn Wong-Anan)

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