DBS will open 18 new wealth centres across Asia by the end of 2027 as demand for wealth management services grows among affluent clients.
The bank will also upgrade 36 existing wealth centres over the next 18 months.
The new and upgraded sites will be in Singapore, Hong Kong, mainland China, India, Indonesia and Taiwan.
DBS called it the largest physical expansion of its wealth franchise to date.
In Singapore, its Treasures wealth centre footprint will grow by 50 percent with the new openings.
The expansion comes as Asia’s affluent wealth pool, covering households with US$100,000 to US$1 million in investible assets, is projected to reach US$4.7 trillion in 2026.
DBS noted that many clients still value in-person advice despite wider use of digital wealth platforms.
Capco surveys found that 45 percent of respondents in Hong Kong and 44 percent in Singapore continued to meet their relationship managers face to face.
Wealth Centres to Support Advisory and Succession Planning
The new DBS wealth centres will support portfolio advisory, investment and insurance discussions, cross-border wealth planning and succession conversations.
They will also provide space for client meetings and small-group sessions with DBS specialists and market strategists.
In Singapore and Hong Kong, the centres will serve DBS Treasures clients.
In mainland China, India, Indonesia and Taiwan, they will serve both Treasures and Treasures Private Client customers.
Sanjoy Sen, Group Head of Consumer Banking at DBS, said,
“These wealth centres are not just about expanding our footprint.
They are about closing the distance between our clients and the relationship managers who serve them – meeting them where they live, where they work and where they build their lives.”
DBS’ wealth assets under management reached SGD 492 billion in the first quarter of 2026 and have since crossed its SGD 500 billion target more than a year ahead of schedule.
The bank added that up to 40 percent of its new Private Bank clients to date have come from existing clients who moved up its wealth segments.
The first new wealth centres are expected to open from the third quarter of 2026, with further openings to continue through 2027.
Featured image: Edited by Fintech News Singapore, based on image by DBS
