Singapore's DBS to open 18 wealth centres

BENGALURU:

DBS Group said on Monday it would open 18 new wealth centres across Asia by the end of 2027 and upgrade 36 existing centres over the next 18 months, marking the largest physical expansion of its wealth franchise to date.

The expansion will span Singapore, Hong Kong, mainland China, India, Indonesia, and Taiwan. In Singapore, DBS said its Treasures wealth centre footprint will increase by 50% with the new openings.

The move comes as Asia's affluent wealth pool – households with $100,000 to $1 million in investible assets – is projected to reach $4.7 trillion in 2026.