DBS plans more hiring for private bank business

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.

"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)