Winners Rationale

“DBS Private Bank has been awarded Best Private Bank – Wealth Planning in recognition of its pioneering role in evolving the wealth planning landscape through innovative structures and an integrated approach to multi-generational legacy,” said Audrey Raj, editor of Asian Private Banker.

“The bank’s Wealth Planning, Family Offices & Insurance Solutions (WPFOIS) team has redefined the advisory model by placing family harmony and long-term wealth sustainability at the centre of its strategy. This approach is exemplified by DBS Trustee, which celebrated its 50th anniversary with notable growth in assets under management and the successful implementation of high-value trusts. These structures now cover a wide spectrum of complex needs, including private equity investments, cryptocurrency holdings, and Variable Capital Company (VCC) funds, enabling clients to protect and grow wealth efficiently across generations.

“A standout achievement is the DBS Multi Family Office (MFO) Foundry VCC. Leveraging Singapore’s VCC framework, it offers a ‘plug-and-play’ solution that helps families reduce costs and administrative burdens while focusing on investment strategy. Its rapid adoption, achieving significant assets under management within two years of launch, underscores its role as a market-leading platform for wealth planning.

“DBS has also differentiated itself through expertise in complex succession planning, working with high-profile clients in the region to manage multi-billion-dollar estates using private trust company structures. By integrating digital asset custody into legacy planning and offering innovative philanthropic solutions through new donor-advised fund services, DBS provides clients with modern, flexible ways to preserve and pass on wealth.

“With this combination of institutional-grade infrastructure, innovative tools, and personalised advisory, DBS Private Bank continues to set a new benchmark in wealth planning, helping families secure, manage, and grow their legacies across multiple generations. This makes it a well-deserving winner of the Best Private Bank – Wealth Planning award.”