Best Private Bank Southeast Asia
DBS Private Bank
Best Private Bank – Southeast Asia
Joseph Poon
group head
“We are honoured to be named Best Private Bank for Southeast Asia by Asian Private Banker. This recognition reflects our steadfast commitment to delivering bespoke wealth management solutions that cater to the diverse and evolving needs of clients across the region.
“It also highlights our ability to innovate and provide client-centric strategies, empowering individuals and families to confidently navigate life’s complexities.
“At DBS Private Bank, we continue to enhance our capabilities and nurture trusted partnerships. Our goal is to support our clients in achieving their ambitions while creating meaningful legacies for future generations. This recognition inspires us to remain a leader in the industry and a trusted partner to our clients.”
What was behind the judges’ decision?
- The momentum with which DBS Private Bank increased its AUM and top-line contributions from investments and mandates during 2024 is a testament to the lender’s product prowess and solid reputation in Southeast Asian markets. The bank also comprehensively demonstrated how it has used cutting-edge digital technology to convert net new money into appropriate investment solutions for clients.
- DBS Private Bank is a leader in the family office space in Southeast Asia, demonstrated by its pioneering and successful use of a multi-family office model via Singapore’s Variable Capital Company (VCC) framework. Specifically designed as a one-stop shop for UHNW clientele, the DBS Foundry Multi Family office has garnered significant interest from UHNW and entrepreneurial wealth clients across the region.
- The bank demonstrated the cohesiveness of its one-bank model, synchronising private banking, wealth, corporate banking and investment banking. In its submissions to the Awards for Distinction Judging Panel, DBS provided several compelling examples of how it brought the whole of the bank to billionaire clientele, ranging from debt capital markets transactions to exclusive private markets opportunities.
What we said…
“DBS Private Bank experienced substantial growth in both assets and revenue in key Southeast Asian markets in 2024, which can be attributed to its ongoing commitment to staying close to its clients, an ever-improving slate of products and impressive digital innovation. Simply put, DBS is the trusted private banking partner of choice in Southeast Asia,” said Daniel Shane, editor of Asian Private Banker and head of the Judging Panel for the Awards for Distinction 2024.
“Across ultra high net worth (UHNW) and high net worth (HNW) segments, clientele in Southeast Asia have embraced the bank’s advisory services and solutions to protect and grow their personal wealth, with DBS’s highly-integrated ‘One Bank’ offering providing entrepreneurs with services across corporate and investment banking. The overall offering in the region is rounded out with best-in-class wealth planning and philanthropy, discretionary portfolio management (DPM) and a highly-regarded chief investment office (CIO).
“All of the above were crucial considerations in granting DBS Private Bank the Best Private Bank – Southeast Asia accolade at the Awards for Distinction 2024. The Asian Private Banker judging panel would like to commend the bank’s regional progress and congratulate everyone involved for this achievement.”
Contact Us
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