iFAST

[EnSabahNur]

https://www.theedgesingapore.com/news/ba...4-says-ceo

To Gupta, its wealth management books improved as its customers were beginning to put their money into investment products. The growth was also partly from the low base in the 1QFY2023 from the Credit Suisse impact.

Net new money, which stood at around $6 billion for the quarter, also remained on track to see the same amount of close to $24 billion in FY2022 and FY2023.

“A lot of the money, when they first come in, is through fixed deposits. When the market improves and people’s animal spirits come up, they’re putting their money to work,” Gupta explains.

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In comparison, iFast net inflow ('net new money") was about ~10% that of DBS at $688mil!
DBS's MC was ~$100bil
iFast MC was ~$2.3bil

while the same point applies to iFast taking in deposits, what other acquisitions do you think iFast might need to make, in order to become a full service bank like DBS?

Whats the "MC" referring to in your post?

Where is the DBS net inflow that you are comparing iFast's against? Are you referring to the rise in deposits at DBS of about 7 billion?
"iFast net inflow ('net new money") was about ~10% that of DBS at $688mil!"