26 Apr '11, 12pm

DBS unveils new platform for wealth clients

SINGAPORE: As part of its strategy to grow wealth management assets from US$35 billion to US$50 billion in the next three years, DBS is ramping up its offerings to the high net-worth segment. DBS has unveiled Treasures Private Client, a one-stop shop of private banking and consumer banking solutions. Analysts say the number of high net worth individuals, with upwards of US$1 million of investable assets, is set to grow by 40 per cent in Asia in the next three years. Wealth amassed by high net-worth individuals in Asia is seen growing by US$80 billion in the next three years. In line with one of DBS' strategic priorities to grow a leading wealth management franchise, the bank is rolling out Treasures Private Client. The bank said the platform will bring the best of both worlds from private and priority banking for high net worth individuals. DBS also said the new platform w...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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DBS hires new CEO for its Islamic unit

channelnewsasia.com 03 May '11, 12pm

SINGAPORE : DBS Group has hired a new chief executive officer for its Singapore-based Islamic unit in a move it said under...