AUM up by 39%, DBS Treasures strengthens its position as a trusted partner in global wealth | Bahasa
On the other hand, the high net worth individual (HNWI) segment is still growing rapidly. The Knight Frank Global Wealth Report 2024 noted that the number of UHNWIs increased by 2.6 percent in 2023 from 2022. This figure is projected to continue rising to 38.3 percent by 2028, driven mainly by economic and per capita income growth, a young population increasingly able to get access to investment opportunities, as well as such factors as climate change and technological advancements.
The above projection is supported by DBS Treasures' business data in Indonesia, with Assets Under Management (AUM) growing by 39 percent from 2022 to 2025. The rapid growth of HNWIs has led to a growing need for comprehensive financial solutions. This has encouraged DBS Treasures to continue to establish itself as a Trusted Partner for Global Wealth management, mainly to address the needs of individuals and businesses, specifically clients in Asia.
Consumer Banking Director at PT Bank DBS Indonesia Melfrida Gultom explained that, “As the number of high net worth individuals increases, the demand for wealth management solutions is evolving and shifting towards more comprehensive and business-agnostic solutions. At Bank DBS Indonesia, we pride ourselves on being a trusted partner that not only offers market analysis expertise and technological strength, but also provides customers with strategic access to a strong regional network in Asia to unlock potential asset growth and cross-border business opportunities. This holistic approach enables us to assist our clients in building, managing, and passing down wealth sustainably across generations.”
As customers look to grow their businesses and explore opportunities in Asia, Bank DBS Indonesia presents a dedicated team of global experts who actively analyse market signals to provide insights into and recommendations for investment opportunities. From an Asian perspective, DBS Bank Ltd (Bank DBS) offers wealth management services covering personal assets and family business management, as well as helps create prudent legacy plans for the second generation. Furthermore, Bank DBS Indonesia also holds Expert Discussion sessions, curated forums with selected experts to discuss the latest investment strategies through such sessions as Monthly & Annual Market Update, DBS CIO Insight, Asian Insights, Spring Festival, and Market Alert. In addition, DBS Expert Connection connects customers and the next generation with industry leaders across various countries.
In addition, Bank DBS Indonesia utilises a holistic approach to wealth management by combining global expertise with advanced technology. The guide provided by DBS Group Investment Experts is enriched by Artificial Intelligence (AI) that analyses market data and customer profiles to generate personalised and relevant investment advice. On top of that, Portfolio 360˚, the in-house digital platform, enables Relationship Managers to thoroughly understand customer needs and provide incisive and personalised portfolio advisory. Customers also receive proactive notifications of market updates and product information through various channels of choice. For easy financial access 24/7 and to seize opportunities as they arise, customers can rely on the comprehensive and intuitive digibank by DBS application.
Head of Segmentation, Liabilities, and Secured Lending PT Bank DBS Indonesia Natalina Syabana added, “As a bank with extensive connectivity across Asia, Bank DBS Indonesia provides customers with strategic access to regional networks to unlock potential asset growth and cross-border business opportunities. Supported by a team of experts who understand the dynamics of Asian markets, we are ready to help customers optimise every investment opportunity. Moreover, our hassle-free global transactions, from transfers to more than 25 countries to access to emergency withdrawals across the DBS Bank network, ensure that customers can manage their wealth comfortably and with peace of mind wherever they are."
DBS Treasures customers can now enjoy the freedom to choose their privilege packages across Asia-Pacific, from travel to wellness and education. Most recently, DBS Treasures customers can obtain the DBS Vantage Visa Infinite Credit Card that supports wellness and travel, as well as sustainability, as it is made from recycled metals to provide eco-friendly solutions. The card provides access to medical check-ups in Indonesia and Singapore, as well as a Medical Concierge for various medical needs. It also comes with a feature to support the travel lifestyle, Vantage Points, which is valid for life and can be redeemed for flights to anywhere with any airline.
As part of its commitment to the ESG (Environmental, Social & Governance) agenda, DBS Treasures also offers a wide range of bonds and mutual funds that have the potential to continue to grow while making a positive impact; Spark Saving that allows account holders to donate a portion of their interest earnings to support children's education in remote areas; and DBS Foundation that supports social enterprises.
For more information about DBS Treasures, please visit: go.dbs.com/globalwealth
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About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 16 consecutive years from 2009 to 2024.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.
Established in 1989 as part of the Singapore-based DBS Group, PT Bank DBS Indonesia (Bank DBS Indonesia) is one of the banks with the longest history in Asia. Currently operating 1 Head Office, 13 Branch Offices, 16 Assistant Offices and 1 Functional Office and 3,011 active employees in 15 Major Cities in Indonesia, Bank DBS Indonesia provides comprehensive banking services that focus on the customer experience to 'Live more, Bank less'. We also see a purpose beyond banking and are committed to supporting our customers, employees, and the community towards a sustainable future.
PT Bank DBS Indonesia is licensed and supervised by The Indonesian Financial Services Authority (OJK), and an insured member of Indonesia Deposit Insurance Corporation (LPS).
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
Consumer Banking