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DBS wealth management’s AUM reaches US$112 billion

The wealth management unit of DBS saw its assets under management (AUM) grow by 3% in the second quarter and 6% year-on-year (YOY) to S$151 billion (US$112 billion) in what the Singaporean lender calls a “record high” for the bank. The Singaporean lender’s wealth management division includes mass affluent Treasures clients alongside those in Treasures Private Client and Private Bank (typically clients with…

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