DBS Group is targeting SGD 1 trillion (about $775bn) in wealth-management assets
by 2030 to accelerate its Asia expansion. The bank plans to hire at least 600
staff and open 18 new wealth centers in core markets Singapore and Hong Kong.
The SGD 1 trillion goal would put DBS alongside global managers such as UBS,
Morgan Stanley and JP Morgan in scale, though DBS is targeting both
ultra-high-net-worth clients and mass‑affluent and below — a segment expanding
rapidly in Asian emerging markets. Achieving the target would require roughly
doubling assets from Q1 2026’s ~SGD 492bn over the next five years.
