The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2020 Euromoney is part of the Euromoney Institutional Investor PLC
Asia Private Banking Awards

Best Asian private bank in Asia 2021

DBS Bank

Joseph Poon, DBS Private Bank.jpg
Joseph Poon, DBS Private Bank

Private bankers at DBS Bank say they have three missions for their wealthy clients: help them create wealth, help them succeed and make sure they have enriching lives. Over the years, the Singapore firm has done just that, making it Asia’s most impressive private bank.

Even in 2020, during one of the world’s worst health crises, DBS proved resilient. Client assets in its wealth management business grew 7%, year on year, to S$265 billion ($200 billion), while fee income rose 11%.

That momentum continued into 2021 too. In the first quarter, DBS’s gross fee income from wealth management hit a new high of S$519 million, surpassing the S$418 million recorded in the same quarter in 2020.

There are several reasons for its success in Asiamoney’s awards. One was the bank’s focus on revamping the training for its relationship managers so that they are able to provide more holistic advice to clients.

Under the leadership of Joseph Poon, group head of DBS Private Bank, the firm's relationship managers underwent an average of 100 hours of training in 2020.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree