30 Oct '15, 3pm

DBS is the 8th largest #privatebank in APAC, the only SG bank in top 10.

DBS is the 8th largest #privatebank in APAC, the only SG bank in top 10.

DBS is now the eighth-largest private bank in the Asia-Pacific by assets under management (AUM), bigger than even Morgan Stanley, according to annual rankings released yesterday by Private Banker International, a journal for the global wealth industry. "The big mover last year was DBS Private Bank with its AUM growing by 35 per cent year on year, which is the most notable change across the rankings," said the journal in a statement. "DBS' acquisition of Societe Generale's Asian private banking business last year added considerably to its AUM. Other factors that contributed to its success are a focus on digital banking, innovation, and the ability to retain customers as their individual wealth grows." DBS said in a separate statement that its AUM for high-net-worth investors - those with investable assets of over $1.5 million - and AUM for all wealth customers stood at $92 ...

Full article: http://www.straitstimes.com/business/banking/dbs-now-asia...

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