Volatility across assets from equity to bonds and currencies attracted investment demand, Mathur said in the article, which was confirmed by DBS.
DBS’s Hong Kong wealth revenue grew 86% in the first quarter from the corresponding period in 2023, according to Mathur.
DBS is also looking to add another wealth management hub in the city next year to offer products including insurance and financial planning services, he said.
Its first such local centre opened last year at Queen’s Road Central targeting rich customers from Hong Kong and China.
