DBS Private Bank’s Multi-Family Office Platform Surpasses S$1 Billion In Assets, Sets Sights On Doubling By 2026

DBS Private Bank has reached a significant milestone as its multi-family office (MFO) platform now manages over S$1 billion in assets, reflecting rapid growth and strong investor confidence. The bank plans an ambitious target to double the assets under management (AUM) to S$2 billion by the end of 2026. This success underscores the growing demand from ultra-high-net-worth (UHNW) families for comprehensive wealth management solutions that span generations and geographies.

 

Key Highlights Of DBS Multi-Family Office Growth

DBS Private Bank’s multi-family office platform crosses S$1 billion in assets under management.

 

The bank targets to grow AUM to S$2 billion by the end of 2026 through expanded services.

 

The MFO caters to UHNW families seeking personalized, multi-generational wealth management.

 

DBS leverages Singapore’s variable capital company (VCC) framework to optimize wealth structuring.

 

The platform offers tailored investment, estate planning, philanthropy advice, and succession solutions.

 

Understanding Multi-Family Office Services

Multi-family offices provide sophisticated wealth management services to multiple wealthy families, combining personalized financial planning, investment management, and other legacy preservation tools under one roof. DBS’s MFO platform is built on a “bank-backed” model, seamlessly integrating private banking, capital markets, and family office expertise.

 

This model differentiates it from standalone family offices by offering institutional-grade investment options, risk management, and banking solutions with the security and infrastructure of a leading financial institution.

 

Strong Demand From Ultra-High-Net-Worth Families

There is a rising trend among UHNW families globally, and particularly in Asia, to seek multi-family offices that not only manage wealth but also address complex needs such as intergenerational transfer, philanthropy, and cross-border tax planning. Many wealthy families prefer multi-family offices for the broader perspective, shared resources, and cost efficiencies compared to single-family offices.

 

DBS’s platform attracts families aiming for tailored solutions and discreet management of sizeable, diversified portfolios spanning equity, private assets, real estate, and alternative investments.

 

Singapore’s Role As A Premier Wealth Hub

Singapore’s favorable regulatory environment, robust financial ecosystem, and the introduction of innovative structures like variable capital companies have made it a preferred destination for family offices. DBS leverages these advantages to offer flexible and tax-efficient wealth structuring options that meet the evolving needs of its clients.

 

The bank’s multi-family office is well-positioned to benefit from increasing wealth concentration in the region and Singapore’s prominence as a global wealth management center.

 

Future Growth Drivers And Strategic Focus

DBS plans to accelerate growth by expanding its service offering, deepening client relationships, and strengthening technological capabilities for enhanced wealth management. The bank focuses on delivering a blend of digital innovation and high-touch advisory services, ensuring transparency, customization, and agility.

 

Strategic partnerships with asset managers, fintech firms, and global market specialists facilitate access to niche investment opportunities and contribute to building resilient family portfolios.

 

Enhancing Legacy And Philanthropic Support

In addition to investment management, DBS’s MFO platform offers comprehensive support for legacy preservation including estate planning and philanthropic initiatives. This holistic approach appeals to clients who want their wealth to generate social impact while securing family interests.

 

By facilitating connections with social enterprises and impact funds, DBS helps families incorporate purpose-driven strategies alongside wealth creation.

 

Conclusion: A Milestone In Ultra-Wealth Management Growth

DBS Private Bank’s surpassing of S$1 billion in multi-family office assets marks a milestone in the bank’s strategy to serve India’s and Asia’s affluent diaspora. The bold ambition to double this by 2026 signals strong market demand and the effectiveness of DBS’s integrated wealth management approach.

 

The multi-family office platform’s growth highlights evolving preferences among UHNW families for sophisticated, bank-backed, and holistic wealth services that blend investment, legacy, and impact considerations under a trusted brand.

 

Sources: DBS Private Bank announcements, Singapore financial regulatory updates, industry wealth management reports, market analyst commentary