Prime Highlights

• DBS will open 18 new wealth centres across Asia.
• The bank plans to upgrade 36 existing centres.

Key Facts

• Wealth assets under management reached S$492 billion.
• Expansion covers Singapore, India, China and other Asian markets.

Background

The DBS Group is planning to launch its biggest ever expansion of wealth management infrastructure through opening 18 new wealth centers in the Asian region by 2027, while upgrading 36 existing centers within 18 months. The move reflects the bank’s growing focus on wealth management as demand for personalised financial services continues to rise across the region.

The expansion will cover key markets including Singapore, Hong Kong, mainland China, India, Indonesia and Taiwan. In Singapore, DBS plans to increase its Treasures wealth centre network by 50%, strengthening its presence in one of Asia’s largest wealth markets.

The bank’s decision comes as Asia’s affluent wealth segment continues to grow. Industry estimates suggest households with investable assets ranging from $100,000 to $1 million could collectively hold about $4.7 trillion in wealth during 2026.

DBS said its wealth business has shown strong momentum, with assets under management reaching S$492 billion in the first quarter of 2026. Wealth management is seen as a major revenue growth driver by the bank. The bank plans to further enhance client relationships via better advisory services.

Phase one of the rollout of these new centres is anticipated to commence in Q3 2026, with more scheduled to be opened till 2027. It was highlighted by DBS that even as the use of digital banking platforms increases, a lot of clients still opt for physical engagement with their financial advisors when making critical investment decisions.

These new centres will be aimed at improving relationships and providing personalized financial planning, as opposed to conducting regular bank transactions. The Singapore and Hong Kong centres will be targeting Treasures’ clients, while others will target Treasures as well as Treasures Private Client’s clients.

This development will enable DBS to improve its presence in the lucrative Asian wealth management market.

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