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DBS sees wealth management surge from Asia, Europe, Middle East

DBS Group’s wealth management division has seen a surge in inflows from regions including Asia, the Middle East, and Europe, according to chief executive Piyush Gupta. Speaking at a Reuters Newsmaker event in Singapore, Gupta anticipates the net inflows will remain “pretty strong” in the future. Despite the emergency takeover of Credit Suisse by UBS Group, he believes that a large-scale consolidation in the global wealth management industry is improbable. Gupta also highlighted that wealth management has been one of the standout performers in the global financial services sector.


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