Singapore-headquartered DBS Private Bank is targeting the Indian family office sector as a major growth opportunity, driven by a surge in Indian-origin family offices across financial hubs like Singapore, Dubai, and Hong Kong. According to a new white paper, “Global Indian Family Offices: Evolution of the Indian Diaspora,” co-researched with Bloomberg Media, the number of Indian family offices has grown to 300 from 45 in 2018. The report notes that 9% of global family offices are now based in Asia, a figure expected to rise with a projected 40% increase in ultra-high-net-worth individuals in the region by 2028. DBS’s strategic initiatives include engaging Indian families on single and multi-family office solutions to manage their growing wealth and philanthropic ambitions.