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DBS wealth management income dips but AUM rises

DBS on Monday reported that its wealth management income fell 5% to S$2.7 billion in 2021 due to lower interest income, but AUM increased 10% to S$291 billion. The Singapore lender’s wealth management unit, which represents 20% of group income, comprises treasures, treasures private and private banking clients with over S$350,000 in investable assets. “Wealth management net new money for…

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