DBS Multi-Family Office in Singapore Hits SGD1bn AUM

DBS multi-family office assets have reached SGD1bn (USD740m) two years after launch, with DBS Private Bank aiming to double that to SGD2bn by end-2026. The DBS Multi Family Office Foundry VCC enables ultra-wealthy families to establish Singapore investment vehicles without setting up single-family offices, with DBS overseeing administration while clients retain investment control. The bank said global economic uncertainty has accelerated demand. All assets are new, sourced from clients in Europe, India, Greater China, and across Asia, with discussions already underway with more than 15 prospects. Since launching in 2023, the platform has onboarded over 25 families, set a minimum SGD15m per sub-fund, and employed the VCC framework to cut onboarding times to about one month.