Headquartered and listed in Singapore, Asian financial services group DBS will be opening 18 new wealth centres across the region by the end of 2027, as well as upgrading 36 of its existing wealth centres over the next 18 months.

Amid surging demand for wealth management services across Asia, DBS has announced that it will be opening 18 new wealth centres across the region by the end of 2027. In addition, it will be upgrading 36 existing wealth centres over the next 18 months. The combination of new and upgraded wealth centres will be opened across Singapore, Hong Kong, mainland China, India, Indonesia and Taiwan.

This is the largest expansion of DBS’ wealth franchise to date. The bank said that this reinforces its commitment to bringing its full wealth proposition closer to affluent and high net worth clients in markets where they live and where their businesses are based. For instance, in Singapore, the bank’s Treasures wealth centre footprint will increase by 50 per cent with the new openings.

The wealth centres will enable the bank to serve its clients’ entire wealth journey – from portfolio advisory to providing access to sophisticated wealth solutions. 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 Ttreasures private client customers.

The announcement comes at a time when Asia’s affluent wealth pool is projected to reach $4.7 trillion in 2026. More clients in this segment are seeking professional advice and guidance to grow, protect and pass on their wealth. Even as investors increasingly switch to digital platforms to manage their wealth, face-to-face meetings remain important for many. Separate Capco surveys in Hong Kong and Singapore found that nearly half of their respondents continued to meet face-to-face with their relationship managers.

“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. “That is true whether they are opening their first investment account in Hong Kong, planning succession in Singapore or navigating cross-border wealth from Taipei. These wealth centres are not just about expanding our footprint. They are about closing the distance between our clients and the relationship managers who serve them – meeting them where they live, where they work and where they build their lives.”

“A wealth relationship today is not measured in years but in generations,” Sen added. “The client who opens an investment account with us in his/her 20s could be the founder we serve through their 40s and the family office principal we work with in their 70s. Other banks segment by how much their clients have at a single moment in time. We focus on what wealth means to them at each stage of their lives. To reinforce that philosophy, our wealth centres will become spaces where our relationship managers can deliver personalised care and conduct meaningful conversations that support our clients’ wealth ambitions.”