DBS Group plans to increase its wealth business assets to SGD500bn (USD369.7bn) by the end of 2026, said Shee Tse Koon, head of the unit. Wealth assets at DBS grew 23% to SGD365bn last year, driven by strong inflows into Singapore due to political stability, low taxes, and favourable policies for family offices. DBS, Southeast Asia’s largest lender by assets, banks over a third of Singapore’s family offices. Shee is confident about meeting the target unless a “black swan” event occurs. DBS also aims to double the number of wealthy clients with assets of at least SGD1m by 2026, having grown its affluent client base by over 50% in the last two years.