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DBS WM 3Q20 fee income up 6.4% YoY, HNW AUM up at S$180 billion

DBS Group has announced its 3Q20 results. Wealth management fee income was up 6.4% YoY, recovering from the previous quarter. Piyush Gupta, CEO of DBS Group, said the income growth increased across the client spectrum as the bank continues to make wealth management products available to lower segments. The Singaporean lender reported a 20% YoY drop in overall group net…

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