DBS to open 18 new wealth centres by 2027

The bank will also upgrade 36 existing centres over the next 18 months.

DBS plans to open 18 new wealth centres by end-2027, across Singapore, Hong Kong, mainland China, India, Indonesia, and Taiwan.

Southeast Asia’s biggest bank by asset size said that it will also upgrade 36 existing wealth centres over the next 18 months. The first of the new wealth centres is expected to open from Q3 2026, with phased openings continuing through 2027, DBS said.

In Singapore and Hong Kong, the bank’s two biggest markets, the wealth centres will serve Treasures clients. In DBS’ four other key markets, the centres will serve both Treasures and high-net-worth Treasures Private Client customers.

In Singapore, DBS’ Treasures wealth centre footprint will increase by 50% with the new openings.

“What clients tell us, more than anything else, is that the relationship they want with their bank should feel personal, familiar and close to home,” said Sanjoy Sen, group head of consumer banking at DBS.

Face-to-face meetings with relationship managers are preferred by 45% of respondents in Hong Kong and 44% of respondents in Singapore, according to surveys conducted by Capco.

Asia’s affluent wealth pool is projected to reach US$4.7t in 2026, according to DBS. Affluent is defined as households with US$100,000 to US$1m in investable assets.

Singapore’s big three banks are banking on wealth management to drive growth, as interest income and lending activity are expected to decline in 2026, according to an earlier report by CreditSights.

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