DBS, OCBC private bank AUM buck industry slide: survey

Singapore

SINGAPORE banks' private banking arms outperformed the broader industry in 2018 despite assets under management declining across the region amid weaker financial markets.

Total assets under management at the 20 largest private banks in Asia excluding China declined 3.6 per cent to US$1.63 trillion, Hong Kong-based publication Asian Private Banker showed in its private banking survey on Tuesday.