16-July-2026
Corporate News
 
Singapore's DBS Targets Over $774 Billion in Wealth Assets by 2030
15-Jul-2026

DBS Group aims to grow assets under management in its wealth business to more than S$1 trillion ($774 billion) by 2030, its unit's head said, as Singapore's biggest bank bets on rising Asian wealth and inflows into regional financial hubs. The target spans the lender's retail and wealth segments and marks an increase of about S$400 billion from S$632 billion in wealth assets under management at the end of 2025. "From full year 2015 to 2025, in 10 years, we grew our AUM by S$400 billion. Looking at the traction, our ambition now is to grow the same S$400 billion by half the time," Shee Tse Koon, DBS's group executive and group head of consumer banking and wealth management, said at a media briefing.

News Source:- https://money.usnews.com/investing/news/articles/2026-07-14/singapores-dbs-targets-over-774-billion-in-wealth-assets-by-2030