DBS Bank (Hong Kong)
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Dao Heng Bank Group Limited (former stock code: SEHK: 223) (Chinese: 道亨銀行集團有限公司) was a bank holding company in Hong Kong and it had two major subsidiaries before being acquired, Dao Heng Bank Limited and Overseas Trust Bank Limited.
From Dao Heng Bank to DBS HK. 1 August 2022. “I was in my fourth year at (then) Dao Heng bank of Hong Kong when the news came. We were about to be acquired by DBS Bank, a Singaporean company, in the biggest banking takeover of 2001.
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DBS Bank (Hong Kong) Limited (Chinese: 星展銀行（香港）有限公司) is a licensed bank incorporated in Hong Kong and is a subsidiary of DBS Bank headquartered in Singapore. As of 2022, it is the eighth-largest bank in Hong Kong by total assets.
In line with our pan-Asian strategy, we acquired 100% interest in Dao Heng bank and its subsidiary Overseas Trust bank, making us the fourth largest banking group in Hong Kong.
As CEO, Philippe was key to the acquisition and consolidation of Dao Heng Bank, thereby better positioning the bank to expand into North East Asia and developing a platform for business opportunities in China.
Overseas Trust Bank Limited (OTB) (Chinese: 海外信託銀行有限公司) was a bank in Hong Kong. It was established in 1955 by Chang Ming Thien , a Malaysian businessman and it was listed on the Hong Kong Stock Exchange in 1972.
