Winners Rationale

“DBS Private Bank has been awarded Best Private Bank – Singapore HNW in recognition of its sophisticated Wealth Continuum model and its ability to deliver an integrated, institutional-grade experience to HNW individuals,” said Stephanie Li, reporter at Asian Private Banker.

“The bank’s leadership is anchored by its regional scale and strong growth. As one of the largest Asia-headquartered private banks, DBS achieved significant expansion in AUM and total wealth income throughout 2025. This momentum was underpinned by a surge in fee income and its global reach, serving clients across more than 120 jurisdictions. Central to this success is the 15-year Wealth Continuum framework, which migrates clients from mass-affluent segments into bespoke private banking, maintaining industry-leading retention for both clients and relationship managers.

“DBS has set a gold standard in Family Office and U/HNW services. The bank now serves a significant portion of all family offices established in Singapore. Its pioneering Multi Family Office (MFO) Foundry VCC offers a ‘plug-and-play’ solution, optimising costs and easing administration for global families.

“This is complemented by the Chief Investment Office (CIO), whose proprietary funds and focus on private markets and thematic investments — including nuclear energy and gold — have delivered robust returns. DBS also leads in digital assets and tokenisation, being the first bank in Singapore to offer an integrated suite of tokenisation, digital custody, and a digital exchange. This allows HNW clients to access liquidity by fractionalising traditionally illiquid assets while securing holdings in Asia’s first bank-based trust solution for cryptocurrencies.

“Underpinning these capabilities is the ‘One Bank’ model, integrating private banking with corporate and institutional expertise. This holistic approach ensures entrepreneurial clients’ personal and business needs are met with unified strategic advisory. These strengths explain why DBS Private Bank, led by Joseph Poon, has been recognised as Best Private Bank for Singapore’s HNW segment.”