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DBS aims for wealth business to hit S$300b AUM by 2023

Asset target translates to 7-8 per cent annual growth rate over next few years, outpacing industry

"Headcount is like fighting tomorrow's war using yesterday's method," says Mr Lim. "We still need more people on the ground but we need to equip them to be more productive."


DBS is gunning for a 7 to 8 per cent annual growth in assets under management (AUM) over the next couple of years, bringing its current AUM base of about S$234 billion to S$300 billion by 2023, its newly minted group head of consumer banking and wealth management business Lim S...