DBS aims to double Singapore bancassurance clients in a few years

Singapore

DBS wants to grow bancassurance revenues and double its Singapore clients to one million in the next few years, as the unit contributes more and more to the bank's wealth management business.

"We're looking at 30 per cent or so continuing growth. We've averaged that over the last several years and we expect that to continue," Richard Vargo, regional head of bancassurance at South-east Asia's largest lender, said at a media briefing on Thursday.