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2026-07-15 10:26:12
[DBS Group aims to more than double its wealth management assets to S$1 trillion by 2030, accelerating its expansion in Asia] (1) DBS Group plans to more than double its wealth management assets to approximately S$1 trillion (approximately US$775 billion) by 2030, aiming to accelerate its expansion in the Asian market and join the ranks of the world's largest asset management institutions, competing with trillion-dollar institutions such as UBS and Morgan Stanley. (2) To achieve this goal, the bank plans to add at least 600 employees and open 18 new wealth management centers in its core markets of Singapore and Hong Kong, while optimizing its business layout. (3) Unlike its peers, DBS not only serves ultra-high-net-worth clients but also covers ordinary millionaires and below, and is particularly optimistic about emerging Asian economies. Currently (Q1 2026), its wealth assets are approximately S$492 billion, meaning it needs to nearly double its assets in the next five years.
