LIVE: Reuters Newsmaker with DBS CEO Piyush Gupta and EDB Managing Director Jacqueline Poh

Singapore is looking to extend its position as one of the world's financial centers as the balance of global wealth continues to tilt toward Asia. However, competition for a slice of the pie is growing across the region as both businesses and societies shake off the long tail of the coronavirus pandemic.

In a special event, Reuters correspondents sit down with DBS Group’s Piyush Gupta and Singapore's Economic Development Board’s Jacqueline Poh for a duo of in-depth interviews to discuss the opportunities and challenges on the horizon for the city-state and the wider Asia region.

Singapore’s DBS Group, Southeast Asia’s largest bank by assets, is emerging as a top beneficiary from the recent seismic changes in the global wealth management industry. As regulatory changes and rising inflation weigh against high interest rates, DBS has delivered record-breaking earnings and Gupta is overseeing the $65 billion lender’s bold expansion beyond Singapore and Hong Kong, via stake purchases in Taiwan, India and China.

The EDB and Poh, meanwhile, have one mission: attract investments to boost economic growth amid increasing competition around the region as global markets slow and the balance of wealth continues to tilt toward Asia. As the third most competitive economy in the world, Singapore is wooing top global talent. It is enticing family offices of billionaires like James Dyson and aiming to generate growth in disruptive areas like Generative AI, sustainability tech and high-tech manufacturing, such as the $2 billion chips foundry recently opened in the city-state by the Marvell founders.

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