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DBS sees strong growth in private bank business

DBS Private Bank's AUM rose by over 9% in the current year to end-June; net new money inflow surged by 170%

Genevieve Cua

Genevieve Cua

Published Thu, Sep 3, 2020 · 09:50 PM
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Singapore

DBS Private Bank (DBS PB) has generated strong growth in assets under management (AUM) this year, despite the market volatility and economic uncertainty brought on by Covid-19.

DBS PB's AUM rose by over 9 per cent in the current year to end-June, and net new money inflow surged by 170 per cent.

KEYWORDS IN THIS ARTICLE

Wealth management
Private banking

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