The Singapore bank’s wealth management division posted healthy 2019 results, despite a weak 4Q.
Tag: DBS Wealth Management
DBS WM products to include ESG ratings
Wealth clients are increasingly expressing interest in incorporating ESG into their decision-making processes, the bank said.
DBS launches wealth management via smartphone
Hong Kong customers of the bank investing at least HK$1m can set up a multi-currency savings and wealth management account using an app.
DBS PB and the tariff-war portfolio
Eddie Lee, desk head for managed solutions at DBS Private Bank, explains how the bank is advising clients on portfolio positioning in the face of escalating trade tensions.
DBS Bank opens free financial advice centre in Singapore
Singapore’s financial advice market just got more competitive after DBS opened a financial planning centre that offers free advisory services but does not sell any financial products.
DBS WM sees risk in fixed income fixation
Strong client demand for fixed income could be offset by some alts exposure, but convincing clients is a slow process, said Marc Lansonneur, head of Singapore wealth investment and treasury at DBS.
DBS HK blames `perfect storm’ for profit drop
DBS Hong Kong experienced a 35% decline in profit to HK$4bn ($520m) in 2016, in large part as a result of renminbi depreciation and China’s looser monetary policy.
DBS to add $16.5bn of wealth assets after buying ANZ Asia units
The trend of banks offloading assets continues as Singapore-based DBS acquires ANZ’s WM and retail units in Asia, adding S$23bn ($16.5bn) of wealth assets, which includes S$6bn ($4.3bn) from high net worth individuals.
DBS names wealth management deputy head
DBS Bank has appointed Pearlyn Phua as its deputy group head of consumer banking and wealth management in Singapore.