DBS (DBS) to Launch 18 Wealth Centres Across Asia by End-2027

AI Summary

DBS (DBS) announced plans to establish 18 new wealth centres across Asia by the end of 2027, alongside refurbishing 36 existing sites over the next 18 months. This expansion will affect Singapore, Hong Kong, mainland China, India, Indonesia, and Taiwan, with a projected 50% growth in Singapore's Treasures wealth centre network. The new centres will focus on client interaction and will be equipped for discussions of long-term financial planning. As of Q1 2026, DBS reported wealth assets under management of S$492 billion, showing significant growth in the higher wealth segment of its client base.