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 centres 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. Achi

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 centres 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.