DBS Private Bank (PB) is making a concerted effort to assist ultra high net worth clients in terms of wealth planning and structuring, helping them in particular to establish a family office should they need one.
Lee Woon Shiu, DBS PB regional head of wealth planning, family office and insurance solutions, says: "We've made a deliberate effort to focus on the slightly higher and ultra high net worth segments of clients. We've beefed up our propositions for complex trust structures, including pre-IPO and listco trusts.
"We see ourselves getting stronger with more complete offerings for the high net worth, improving clients' understanding of more complex wealth structures and upskilling the relationship...
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