IB Asia's founding shareholders include majority stakeholder DBS and 34 Middle Eastern investors from prominent families and industrial groups from Gulf Cooperation Council (GCC) countries.

A subsidiary of DBS, IB Asia commence operations on separate ground floor offices in DBS' headquarter facilities and will focus on commercial banking, corporate finance, capital market and private banking services.

IB Asia have an eight-member board of directors with His Excellency, Abdulla Hasan Saif, Advisor for Economic Affairs to the Prime Minister, Bahrain, as Chairman.

The launch of IB Asia follows DBS' stepped-up participation in the Middle East markets.

On 14 September 2015, DBS Bank has released a statement to the Singapore Exchange website that as IB Asia is unable to achieve economies of scale when it is operated as a separate entity, therefore DBS Bank would progressively cease IB Asia which was estimated to take about 2 to 3 years.