DBS to invest $250m over 5 years in private banking

DBS Group Holdings, Southeast Asia’s biggest bank by assets, said it will invest $250 million over five years in its private banking business.

 

The Singapore-based lender said today it started a service targeting individuals with more than $1.5 million of investible assets, an extension of its private banking operation, which caters to customers with more than $5 million each.