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DBS, Bank of Singapore, UOB report solid FY23 wealth management income and AUM growth

Singapore’s big three local banks – DBS, Bank of Singapore (OCBC) and UOB – have all reported solid wealth management income and AUM growth for FY23, despite market volatilities and cautious investment sentiment. DBS DBS’s wealth management’s FY23 AUM hit a record high of S$365 billion (US$271 billion), thanks to strong net new money inflows and the impact of its…

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