Singapore's DBS to open more wealth centers as rich Asians seek advice

Southeast Asia's largest lender plans 18 new hubs and will upgrade 36 across six markets by 2027

An artist’s impression of the waiting lounges in one of the new DBS wealth centers. Southeast Asia's largest lender announced on June 1 that it will open 18 such hubs across Asia and upgrade 36 existing facilities by the end of next year. © DBS

TOKYO -- Singapore's DBS Group Holdings has announced it will open more than a dozen wealth centers across Asia by the end of next year, marking the largest expansion of its network as demand for wealth management services rises.