DBS Group Holdings said on June 1 it will open 18 new wealth centres and upgrade 36 existing centres across Asia by the end of 2027 [1, 2, 3]. The expansion covers key markets including Singapore, Hong Kong, Taiwan, China, India, and Indonesia [2, 3].
The first new wealth centres are expected to open starting in the third quarter of 2026 [2, 3]. In Singapore alone, DBS’s Treasures wealth centre network will grow by 50% due to the additional centres [2, 3].
DBS’s group head of consumer banking, Sanjoy Sen, said the expansion aims to foster closer, more personal relationships with clients. Sen said, “What clients tell us, more than anything else, is that the relationship they want with their bank should feel personal, familiar and close to home” [3]. He added the centres are designed to “close the distance between our clients and the relationship managers who serve them – meeting them where they live, where they work and where they build their lives” [3]. Sen also shared this in Mandarin: “客户希望与银行建立的关系，是个人化、彼此熟悉且贴近生活的。这些财富中心不仅是为了扩大星展的业务版图，更是为了缩短客户与客户经理之间的距离。” [2]
The wealth centres in Singapore and Hong Kong will serve Treasures clients, while in other markets they will serve both Treasures and Treasures Private Client customers [3]. Despite increased digital adoption in banking, many investors still prefer face-to-face meetings with relationship managers [2, 3].
DBS’s wealth management assets under management totaled SGD 492 billion in the first quarter of 2026 [2]. About 40% of new private bank clients come from existing customers whose wealth has grown [2]. According to DBS data, Asia’s affluent and mass affluent wealth is projected to reach USD 4.7 trillion in 2026, potentially driving wealth management revenue growth of more than 50% over three years [2].
The rollout of new and upgraded centres is scheduled for completion by December 31, 2027 [1, 2, 3].
