Banks reel in $77b new HNW wealth in 2025
DBS and OCBC wealth management fees surged in Q1 2026.
DBS and OCBC pulled in $77b in net new money from high net worth (HNW) clients in 2025, according to data from UOB Kay Hian (UOBKH).
Wealth management fees expanded 25% at DBS and 34% at OCBC in Q1 2026, which UOBKH Jonathan Koh called “hefty”.
“The growth of the wealth management business also has positive spillover effects on banks’ treasury income and bancassurance sales,” Koh said.
Singapore banks will likely continue to attract wealth flows as its financial and systemic resilience gets even more recognized amidst economic and geopolitical uncertainties, the report said.
“Its safe-haven appeal, jurisdiction diversification and wealth creation and intergenerational transfers in the Asia Pacific region bolster growth in AUM,” Koh said.
Banks’ buffers against external turmoil include the government's fiscal prowess to intervene to counter economic shocks, and the banks’ strong metrics like a stable asset quality, strong capital adequacy, and liquid balance sheets.