DBS plans to hire 100 more wealth management consultants in Hong Kong within three years

In response to the above report, DBS Bank said in response to the enquiry of Lianhe Zaobao on Monday (June 16) that DBS's views on the retail banking market and related recruitment plans are limited to the Hong Kong market.

DBS Group plans to hire 100 additional wealth management consultants in Hong Kong within the next three years and will add a new financial center in Hong Kong next year to meet the growing transaction demand in the regional market.

DBS Bank's Hong Kong retail banking and wealth management director Ajay Mathur said in an interview with the South China Morning Post that in recent times, customers with investable assets of more than HK$1 million (about S$163,000) have become more active in the financial market.

Mao Anjie also revealed that in the first quarter of this year, DBS Bank's wealth management revenue from Hong Kong increased by 86% compared with the same period in 2023. In addition, following the first "DBS Fengsheng Financial Management Center" opened in Hong Kong last year, DBS Hong Kong plans to set up a second financial management center next year to further provide insurance, financial planning and other services.

Mao Anjie said that fluctuations in the asset markets such as stocks, bonds, and currency have stimulated investment intentions and prompted banks to expand their relevant service staff.