DBS Wealth Centres Expansion to Add 54 Locations Across Asia-Pacific

DBS plans to open 18 new and upgrade 36 existing locations across Asia-Pacific by the end of 2027 in what the bank described as its largest physical expansion of wealth services to date.

The DBS wealth centres expansion will cover Singapore, Hong Kong, China, India, Indonesia and Taiwan.

The first locations under the DBS wealth centres expansion are expected to open in the third quarter of 2026. DBS said the programme will increase its Treasures wealth-centre footprint in Singapore by 50%.

The move comes as wealth management becomes a more important earnings driver for banks operating in a lower interest-rate environment.

DBS reported that net fee and commission income rose 16% to a record SGD1.5bn (USD1.16bn) in the first quarter, supported by record wealth-management fees of SGD907m.

The expansion highlights intensifying competition among Asian banks for affluent, high-net-worth and family office clients.