DBS Group Holdings Limited (D05.SI,DBSDY.PK,DBSDF.PK), a Singaporean financial services and banking company, said on Monday that it will open 18 new wealth centers by the end of 2027. In addition, the company will upgrade 36 existing wealth centers over the next 18 months.
The combination of new and upgraded wealth centers will open across Singapore, Hong Kong, mainland China, India, Indonesia, and Taiwan. The wealth centers will serve the clients' entire wealth journey.
This is the largest physical expansion of DBS' wealth franchise to date, the lender said.
The bank's wealth assets under management reached S$492 billion in the first quarter of 2026 and have surpassed the bank's publicly stated S$500 billion target over a year ahead of schedule.
The announcement of the opening of the wealth centers comes at a time when Asia's affluent wealth pool, the households with $100,000 to $1 million in investible assets, is projected to reach $4.7 trillion in 2026.
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