Australia’s Corporate Leaders Face Parliament Over KPMG Client Data Scandal 
Alphabet Shifts AI Strategy Toward Commercial Growth, Goldman Sachs Says 
Bernstein Picks BYD and Xiaomi as Top China EV Stocks Despite Weaker Demand 
Bill Ackman’s Pershing Square Returns to Netflix With Major New Stake 
Thyssenkrupp Raises 2026 Profit Outlook as Steel and Materials Units Strengthen 
Tesla Roadster Reveal Could Feature SpaceX Thrusters in August 
SMIC Shares Rally as Q2 Profit Surges 262% on Strong Chip Demand 
Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover 
Anthropic Eyes $6B Decart AI Acquisition Ahead of Mega IPO 
Antofagasta Shares Drop 5% as Miner Cuts 2026 Copper Production Forecast 
Apple Develops China-Specific AI Model With Alibaba as Apple Intelligence Launch Nears 
Super Micro Stock Jumps 19% as AI Server Demand Drives Strong 2027 Outlook 
Maersk Raises 2026 Earnings Outlook as Shipping Profits Beat Expectations 
Micron Stock Upgraded to Buy as New Street Sees $2 Trillion Valuation Potential 
Paramount Skydance Clears Regulatory Hurdles for Warner Bros. Discovery Deal 
Ford to Move Some Lincoln Production From China to U.S. in 2030 
J.P. Morgan Upgrades SanDisk, Sets $2,250 Price Target on AI NAND Growth 
Add as a preferred source on Google
DBS Group announced plans to significantly expand its wealth management presence across Asia, unveiling its largest-ever physical expansion strategy. The Singapore-based banking giant will open 18 new wealth centres by the end of 2027 while upgrading 36 existing locations over the next 18 months to strengthen its wealth advisory services and deepen client relationships.
The expansion will cover key Asian markets, including Singapore, Hong Kong, mainland China, India, Indonesia, and Taiwan. In Singapore, DBS will increase its Treasures wealth centre network by 50%, reinforcing its position in one of the region’s most competitive wealth management hubs.
The move comes as Asia’s affluent wealth segment continues to grow rapidly. According to DBS, households holding between US$100,000 and US$1 million in investible assets are expected to collectively reach US$4.7 trillion in wealth by 2026. This rising demand for financial planning and investment solutions is driving banks to enhance both digital and in-person advisory capabilities.
Despite the growing adoption of digital banking tools, DBS highlighted that personal interaction remains important for many clients. Surveys conducted in Singapore and Hong Kong revealed that approximately 45% of wealth customers still prefer meeting financial advisers face-to-face. As a result, the new wealth centres are designed to focus on relationship-building, personalized financial guidance, and long-term wealth planning rather than routine banking transactions.
DBS has increasingly positioned wealth management as a major growth driver for its business. The bank reported that wealth assets under management reached S$492 billion during the first quarter of 2026, reflecting strong momentum across its wealth franchise.
In Singapore and Hong Kong, the new facilities will primarily serve DBS Treasures clients, while centres in other markets will cater to both Treasures and the premium Treasures Private Client segment. The first phase of openings is scheduled to begin in the third quarter of 2026, with additional launches planned through 2027.
Sanjoy Sen, DBS Group Head of Consumer Banking, said clients continue to value personal and familiar relationships, emphasizing that wealth management should feel close, accessible, and tailored to individual needs.
