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WM profits jump 28% for DBS

First-quarter income attributable to DBS’s wealth management business jumped 28% year-on-year buoyed by higher bancassurance and investment product sales, the Singaporean lender announced today.  Income was up from S$516 million in 1Q17 to S$663 million in 1Q18, while total wealth management AUM, which includes the bank’s HNW and Treasures businesses, increased 22% to S$208 billion YoY. According to Asian Private…

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