DBS to Add Wealth Bankers, Client Center in Hong Kong
The Hong Kong unit of DBS is reportedly expanding its front office and adding a new wealth center as investment activity among affluent clients has been on the rise.
DBS plans to hire 100 bankers over the next three years and open a new wealth center in 2026 in Hong Kong, according to an «SCMP» report citing Ajay Mathur, head of DBS Hong Kong’s consumer banking group and wealth management.
The bank has seen increased investment activity in the city, driven mainly by affluent clients with at least HK$1 million ($130,000) in investable assets.
«The trade war and geopolitical tensions [may] have created volatility, [but] when there is volatility, it is a great time to trade currencies, bonds and equities,» Mathur said. «Our affluent clients have made the most of it.»
