DBS Private Bank has set a target of having more than half of its assets under management (AUM) in sustainable investments by 2023. The private banking business is part of the broader wealth management unit of DBS, one of the biggest wealth managers in Asia outside China. With major players including Julius Baer, Citigroup, UBS, JP Morgan and Morgan Stanley operating in the space, DBS’s move is an example of how digital assets – once seen as the concern of hackers, criminals and worriers about government-issued currencies – have gone … Announcing the 2016 PBI Top 20 Asia-Pacific Assets Under Management Rankings at the Private Banker International Global … Assets under management: $526bn 6. For details, please fill up our Contact Me form, or call our DBS Wealth Management hotline on (852) 3668 8008. DBS Private Bank at your service. DBS Private Bank has introduced a trust solution for the asset class via DBS Trustee, the bank’s wholly-owned, licensed trust company, to enable its private banking clients to invest, custodise and manage their digital assets. Assets under management: $460bn 7. They hit it in 2018. Not DBS, which reported a 7% increase in AUM and a bracing 26% jump in income for its wealth management unit. DBS Private Bank stated its commitment to grow its suite of sustainable investments to more than half of its assets under management (AUM) by 2023, and galvanise clients in the region to adopt environmental, social and governance (ESG) standards in their investments. DBS Wealth's assets at end-2020 were up 7 … DBS Private Bank raises over SGD 1.6 billion with "Barbell" and sustainable investment products. DBS claims … DBS iWealth Platform – The DBS iWealth platform you use as a DBS Treasures client is the exact same one used by the private bank clients. DBS is Asia's fifth largest private bank, and had $81.2bn of assets under management for high net worth clients at the end of 2016. This comes amid stronger interest in sustainable investing, and demand for … You can do FX transfers, Online trading, Portfolio Management, all via the app itself. DBS Private Bank will also work with its clients to adopt environmental, social and governance (ESG) standards in their investments, it said in a statement on Friday. But Bank of Singapore has done it, growing an average 21% annually over the past five years, compared to DBS’ 19%. The bank said clients can work with DBS Private Bank to integrate the assets into wealth succession plans. The largest private bank in Asia is the private banking arm of China Merchants Bank, which has $296.5 billion under its management, a 6.8% increase on the year before. It’s tough to outpace a neighbor like DBS. The private banking business is part of the broader wealth management unit of DBS, one of the biggest wealth managers in Asia outside China. The private banking arm of Southeast Asia's largest bank DBS aims to expand its suite of sustainable investments to more than half of its assets under management by 2023. SINGAPORE, March 19 - The private banking arm of Southeast Asia's largest bank DBS aims to expand its suite of sustainable investments to more than half of its assets under management … DBS - Asia's own private bank of choice Ian Orton, 08/04/2008. SINGAPORE, 16 March 2021 – Two of DBS Private Bank’s flagship product innovations collectively raised over SGD 1.6 billion in assets under management (AUM), and achieved new highs in their respective fields. On top of that, you get market insights and research. More than SGD 1.9 billion of discretionary assets under management in DBS Private Bank today reference this strategy. It has market-dominant positions in consumer banking, treasury and markets, asset management, securities brokerage, equity and debt fund-raising in Singapore, Hong Kong and Taiwan. SINGAPORE (Reuters) - The private banking arm of Southeast Asia's largest bank DBS aims to expand its suite of sustainable investments to more than half of its assets under management … DBS Private Bank says it is committed to growing clients' allocations to sustainable investments from a current share of 41 per cent to over 50 per cent of assets under management (AUM) by 2023. European and North American institutions currently dominate the Asian private banking market both in terms of client assets under management and market coverage. The bank’s sustainability portfolio currently stands at 41%. Part of Citigroup, Citi Private Bank works with the banking conglomerate’s ultra-high net worth clients, such as entrepreneurs and senior executives, to ensure that their wealth continues to flourish and grow. Amid rising interest in cryptocurrencies, DBS Private Bank has introduced a trust solution for the asset class via DBS Trustee – the bank’s wholly-owned, licensed trust company – to enable its private banking clients to invest, custodise and manage their digital assets in a safe, … But this has not deterred the ambitions of locally owned banks. DBS Private Bank will also work with its clients to adopt environmental, social and governance (ESG) standards in their investments, it said in a statement on Friday. I use it myself, and it’s a great platform and very well done. Most private banks saw Asian assets under management (AUM) shrink in 2018, as regional economies slowed and markets proved choppy. Chief executive Bahren Shaari isn’t resting on any laurels, though. For the bank, sustainable investments are those that are rated BBB and above by MSCI ESG ratings. Bank of Singapore set a target of growing to $100 billion in assets under management by 2020. Singapore’s DBS Private Bank has set a target of at least 50% of assets under management in sustainable investments by 2023, up from around 41% currently. “Sustainable investments have become increasingly important in value-adding investment portfolios in the long run,” Joseph Poon, group head at DBS … The private bank aims to have sustainable investments account for more than half of its assets under management by 2023, up from 41% currently, it said. The offering will allow private banking clients to invest, custodize and manage these assets in a safe, secure, and structured manner, DBS Group Holdings said in a … Jefferies, the investment bank, estimated the acquisition would increase assets under management at DBS’s private banking unit by 15 per cent to S$125bn, from S$109bn in fiscal year 2013. While impressive, the $296.5 billion figure falls far behind the world’s largest private bank, UBS, which manages 2,260 billion. DBS Bank is the largest bank in Southeast Asia by assets and among the larger banks in Asia, with total assets of S$518 billion as at 31 December 2017. Through DBS Trustee – the bank’s wholly-owned, licensed trust company – they can invest, custodize and manage their digital assets in a secure and structured manner. DBS Private Bank has introduced a trust solution for cryptocurrencies, enabling clients to integrate the digital assets into their wealth succession plans. SINGAPORE (Reuters) – The private banking arm of Southeast Asia’s largest bank DBS aims to expand its suite of sustainable investments to more than half of its assets under management by 2023. Read more at The Business Times. You are in Wealth Management Personal Banking DBS POSB Wealth Management DBS Treasures DBS Treasures Private Client DBS Private Bank DBS Vickers Securities DBS Vickers Online Institutional Banking SME Banking Corporate Banking DBS Group About DBS Covid-19 and beyond; ATM & Branch; Help & Support SINGAPORE (Reuters) - The private banking arm of Southeast Asia's largest bank DBS aims to expand its suite of sustainable investments to more than half of its assets under management by 2023. Citi Private Bank. SINGAPORE (Oct 17): Private banking assets under management (AUMs) in Asia Pacific fell 4.6% to US$1.46 trillion (RM6.15 trillion) at end 2015, compared with the 12% increase to US$1.53 trillion at end 2014, according to a survey by Private Banker International. Two of DBS Private Bank’s flagship product collectively raised over S$1.6 billion (US$1.19 billion) in assets under management (AUM) amid stronger interest in sustainable investing and demand for volatile market resilient investment strategies. DBS Wealth's assets at end-2020 were up 7% year on year to S$264 billion. BNP Paribas Wealth Management DBS’ private banking clients can now integrate cryptocurrencies into their wealth succession plans. DBS Private Bank aims to expand its sustainable investments to more than 50% of its total assets under management (AUM) by 2023. SINGAPORE banks' private banking arms outperformed the broader industry in 2018 despite assets under management declining across the region amid weaker financial markets. DBS Group said on Friday its private banking arm has started offering trust services for cryptocurrencies, helping rich clients include the emerging asset class in their succession plans. The 2019 numbers are not yet in, but key trends have tilted in DBS’ favor. Its overall wealth management AUM (comprising Private Bank, Treasures Private Client and Treasures) is SGD 264 billion ($195.82 billion) as of 2020. Take DBS, for example, Singapore’s biggest bank in terms of assets. The private banking arm of Southeast Asia's largest bank DBS aims to expand its suite of sustainable investments to more than half of its assets under management by 2023. The power and privileges of DBS Private Bank are all yours with a minimum asset under management placement of HKD25,000,000. Political unrest in Hong Kong increased the allure of the bank’s … DBS Private Bank will also work with its clients to adopt environmental, social and governance (ESG) standards in their investments, it said in a statement on Friday. Share. The private banking arm of Singapore lender DBS says it is “committed to galvanise clients” in Asia to adopt environmental, social and governance (ESG) investing standards as part of its three-pronged approach to sustainability. The bank declined to provide a number for the total assets it manages. In October, we launched a new tranche of our MSCI EM Asia ESG Leaders Outperformance Trade (ESG Outperformance Trade). UBS, the largest global private bank, surpassing $2 trillion in assets under management last year, has focused efforts on developing markets across all regions of the world. This is the latest move into cryptocurrencies by Southeast Asia's largest bank, which late last year launched a cryptoexchange for institutional and other accredited investors. DBS Private Bank will also work with its clients to adopt environmental, social and governance (ESG) standards in their investments, it said in a statement on Friday. Builds on DBS Digital Exchange’s capabilities to roll out Asia’s first bank-backed trust solution for cryptocurrencies. We also continued to create wealth investment solutions within the environmental, social and governance (ESG) space.

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