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DBS to double financial planner headcount in 2021

As it partners with solutions provider Manulife to create insurance consultant role.

Editor’s note: This article was first published on FSA’s sister publication, International Adviser.

Singapore-based DBS Bank is looking to hire more than 650 wealth planning managers and insurance consultants by the end of 2021.

The insurance consultant role by DBS is newly created and is supported by financial planning solutions provider Manulife Singapore.

The bank’s number of financial planners will double after the recruitment drive.

Brandon Lam, Singapore head of DBS Financial Solutions Management Group, said: “With 2020 behind us, we hope to help hasten our nation’s road to recovery by creating new roles that support our local workforce and address the growing preference for work flexibility.

“We hope this initiative can help pave the way for more innovations to come in the financial services space, as we continue to pursue our aim of providing financial planning for all.”


The bank has seen a steady rise in demand for financial and retirement planning solutions over the past few years, which further picked up in 2020 with the onset of covid-19.

Jonathan Yen, chief bancassurance officer of Manulife Asia, said: “The events of the past year have revolutionised traditional ways of working and accelerated digital adoption.

“We’ve witnessed first-hand that the way customers want to interact with us is changing and we need to keep pace with that.

“Partnering with DBS to introduce these new roles will further add to our successful partnership and help us serve the evolving needs of our customers.”

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