Deutsche Bank Singapore (DBS) has hired three marketers from UBS Singapore.

The ‘sting’ is part of a wider forex build-up plan for DBS in Singapore. Confirming the move, first of the trio, Derivatives Week quoted new Singapore MD Poo Huat Tan as saying: “This is a push into institutional flows.”

More hires are likely to follow. Soon to join him are marketers Nancy Lee and Emmie Ong – to establish a dedicated structured FX products team for institutional clients.