DBS to hire more private bankers to tap US$19 trillion Asia market

SINGAPORE (Jan 26): DBS Group Holdings plans to increase the number of relationship managers in its private banking business to tap into surging Asian wealth.

Headcount will rise between 10% and 20% this year - after increasing more than 20% in 2017 - adding to a team that currently comprises 200 private bankers, Lawrence Lua, deputy private-banking head, said in an interview in Singapore on Tuesday.

Hiring will be spread across the three main teams covering Southeast Asia, North Asia, and international markets plus Indians living abroad.

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