DBS Group will begin rolling out the first wave of 18 new wealth centres across Asia in the third quarter of this year (3Q26), marking the bank’s largest-ever expansion of its wealth management franchise as it seeks to capture growing demand from the region’s affluent segment.
Reuters reported that the expansion, which will continue through 2027, will span Singapore, Hong Kong, China, India, Indonesia and Taiwan.
DBS will also upgrade 36 existing wealth centres over the next 18 months as it strengthens its presence in the region’s fast-growing affluent wealth market.
In Singapore, the bank plans to expand its Treasures wealth centre footprint by 50%, while the new facilities in Singapore and Hong Kong will primarily serve Treasures clients. Centres in other markets will cater to both Treasures and higher-tier Treasures Private Client customers.
The move comes as Asia’s affluent wealth pool, comprising households with investible assets between US$100,000 and US$1 million, is expected to reach US$4.7 trillion in 2026.
DBS said the centres are designed to deepen client relationships and enhance advisory services, noting that despite increasing digital adoption, around 45% of wealth clients in Singapore and Hong Kong still prefer face-to-face engagement with advisers.
The expansion follows strong growth in DBS’ wealth business, with assets under management reaching S$492 billion in 1Q26, reinforcing wealth management as a key growth driver for the bank.
