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Dec 9, 2025
World's Best Private Banks 2026: Asia-Pacific
Global Finance Magazine
Rapidly rising affluence explains the auspicious dynamic: the total of high-net-worth individuals in Asia with a net worth of over $10 million grew by 5% in 2024, surpassing 850,000, with those in mainland China exceeding 470,000, accounting for 20% of the global total, according to data from global real estate consultancy Knight Frank.
Thanks to DBS's extensive footprint in Asia -- its operations encompass Singapore, Southeast Asia, Hong Kong, Greater China, Taiwan and India -- and its penetration of the region's ultra-high-net-worth population (of around 40%), the bank grew assets under management (AUM) by 20% this year to 320 billion Singapore dollars ($245.5 billion). Relationship manager headcount grew by 41% in DBS's Hong Kong private bank and by 24% in Singapore, thanks to burgeoning client demand.
