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DBS aims to have 20% of revenue come from wealth management

Wealth management is set to represent a larger share of revenue for DBS—from 15% to 20%—according to Reuters. The expansion strategy of the wealth management business is on the back of the fast growing wealth in Asia, with almost 5 million individuals estimated to have US$1 million in liquid assets in the region. According to DBS’ latest full-year report, the…

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