DBS: Structural Gains From Wealth Versus PB-Only Business
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DBS CEO Tan Su Shan highlighted the advantages of a comprehensive wealth management approach during a media briefing. In Q1 2025, DBS' private banking arm recorded net new money of S$3 billion, despite a S$2 billion outflow attributed to a structured loan issue. Tan emphasized that banks serving all wealth segments, from mass affluent to ultra-high net worth, are better positioned for structural growth. The wealth management unit reached a record S$432 billion in assets under management, with quarterly income hitting S$1.5 billion.
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