
Latest News on Standard Chartered
Audrey Kuah Takes Helm as DBS Bank’s New Group Head of Marketing and Communications
DBS has appointed a new head of marketing and communications, with Kuah taking on the role. In this position, Kuah will be responsible for overseeing all marketing and communications operations across the group, including business and performance marketing, brand strategy, and internal and external communications. She will report to Derrick Goh, the Group Chief Operating Officer of DBS. The marketing and communications functions will now be consolidated under the Group Marketing and Communications division.
Kuah brings a wealth of experience to the role, having previously served as the Asia Pacific co-chief executive of VML, where she led large-scale transformation initiatives using data and advanced technology. She has also held senior roles at global firms such as J Walter Thompson, Dentsu, and WPP, as well as leadership positions in the financial sector at Citi, Standard Chartered, and OCBC. Her professional background includes pioneering work in predictive analytics, artificial intelligence-driven sales modeling, and data innovation.
The appointment of Kuah follows the decision of Karen Ngui to step aside from the marketing role to focus on her responsibilities as Head of DBS Foundation. Ngui will continue to lead the bank’s social impact strategy, including employee volunteer initiatives under the DBS People of Purpose programme. Kuah’s appointment is seen as a significant move for DBS, as the bank continues to invest in its marketing and communications capabilities.
With Kuah’s expertise in data-driven marketing and digital transformation, DBS is expected to enhance its marketing and communications strategy, leveraging technology and innovation to drive business growth. Her experience in the financial sector will also be valuable in helping DBS to navigate the complex and rapidly changing financial landscape. Overall, Kuah’s appointment is a positive development for DBS, and is expected to have a significant impact on the bank’s marketing and communications operations.
Peers may follow, but Kotak holds out: The argument against spinning off subsidiaries
Kotak is on the lookout for inorganic growth opportunities that meet certain strategic criteria. According to the company, an attractive opportunity should bring in a large number of new customers, provide access to significant deposits, or enhance the existing portfolio. The key considerations for evaluating potential deals include the strategic fit and valuation of the target. If both of these factors are favorable, the company is willing to pursue the transaction.
The company has a track record of successfully acquiring portfolios that meet its criteria. For instance, the acquisition of the Standard Chartered personal loan book and Sonata have been cited as examples of successful deals. These transactions have likely contributed to the company’s growth and expansion into new areas.
When evaluating potential deals, Kotak considers a range of factors, including the size and quality of the customer base, the deposit portfolio, and the potential for growth and returns. The company is looking for opportunities that can help drive long-term growth and profitability, rather than simply pursuing deals for their own sake.
In terms of specific criteria, the company is looking for opportunities that can bring in a significant number of new customers, provide access to low-cost deposits, or enhance the existing portfolio. The company is also focused on ensuring that any potential deal is strategically aligned with its overall business goals and objectives.
Overall, Kotak’s approach to inorganic growth is focused on identifying opportunities that meet specific strategic and financial criteria. The company is willing to pursue deals that offer a strong strategic fit and attractive valuation, and has a track record of successfully integrating acquired portfolios into its existing business. By taking a disciplined and targeted approach to inorganic growth, Kotak aims to drive long-term growth and expansion, while also enhancing its competitiveness and market position.
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