DBS Treasures Private Client reported that asset under management (AUM) grew by 18% while the number of clients increased by 9% year-on-year in the second quarter of 2022. The achievement highlighted the celebration of the 4th anniversary of DBS Treasures Private Client. The anniversary marked four years of providing clients in the high net worth individuals (HNWI) segment with wealth management and optimisation services through curated solutions across generations to help them stay at the forefront of global digital transformation. The highlight of the anniversary celebration was an exclusive session featuring Hou Wey Fook, Chief Investment Officer at DBS Bank as the expert in investment and management at Bank DBS Indonesia.

In the session, Hou Wey Fook affirmed the commitment to wealth preservation as part of DBS Treasures Private Client’s curated solutions across generations, as well as insights and market outlook on inflation.

“With regard to macroeconomic conditions, entering the third quarter, the main challenges facing the market are persistent inflation, the Fed’s hawkish stance, as well as the growing risk of recession and declining profits. There are several important points to note, including the fact that China’s technology sector will continue to outperform, thus maintaining the bullish outlook for Chinese equities. You can still invest in US tech giants. Next, focus on good-quality fixed income instruments rather than keeping cash whose value will be eroded by inflation. The content industry is worth considering, including content creators, advertising-based content business models, as well as content created by users," said Hou Wey Fook.

Hou Wey Fook added that given the current inflation and volatility, investors should have alternative investments, such as gold, base metals, oil and gas, as well as private equities, to diversify portfolio risks. Clients can build an investment portfolio from a combination of investment funds, stocks and bonds or the so-called “satellite” approach. Through this approach, investors can achieve higher returns in a short term and keep portfolios resilient to the effects of inflation.

“We understand the aspirations and needs of our clients, especially for the next generations. Therefore, DBS Treasures Private Client is committed to support the younger generations of HNWIs to Navigate the Transformed World, Live with an Edge, to always be at the forefront of the ever-changing world through curated solutions across generations. DBS Treasure Private Client has been providing these solutions since last year and will continue to develop and strengthen its features,” said Rudy Tandjung, Consumer Banking Director at PT Bank DBS Indonesia.

This series of commitments for the next generations of HNWIs started with a media luncheon (23/05/22) to discuss DBS Treasures Private Client’s commitment as a wealth management partner that also focuses on young HNWIs. It was followed by a personal growth programme in the form of networking events with clients and people on the list of Forbes 30 Under 30 to build connections and explore new emerging fields. The latest activity was an intimate discussion (19/07/22) with Hou Wey Fook, Chief Investment Officer at DBS Bank.

DBS Treasures Private Client’s wealth management strategy is based on three business pillars. First, Wealth Succession Advisory, which includes legacy planning solutions for protection at every stage of life and easy asset transfers to family members, as well as privileges for the next generations in the form of exclusive networking events. Second, Wealth Preservation, a series of robust products that respond to market dynamics supported by the eTalk Series webinar for dialogue with local and global strategists, as well as Smart Insights in the form of aspiration-based opportunity notifications, and Seasoned Relationship Managers who are equipped with online data for real-time portfolio analysis. Lastly, Multi-channel Wealth Optimisation through multiple digital channels and face-to-face discussions, anytime and anywhere, namely the digibank by DBS application, Phone Instruction, 24/7 Call Center, Video Conference, and Branch Offices at various strategic points.

DBS Treasures Private Client reports 18% asset growth on 4th anniversary