The current geopolitical dynamics and global economic uncertainty have led to a more cautious approach in wealth management, particularly as people look for opportunities in Asian markets. High interest rates, inflation, and geopolitical tensions are influencing strategies that focus on protecting asset values while avoiding high risks.
Despite these challenges, the segment of high net worth individuals (HNWI) continues to grow rapidly. According to the Knight Frank Global Wealth Report 2024, the number of ultra-high-net-worth individuals (UHNWIs) increased by 2.6 percent from 2022 to 2023 and is projected to rise by 38.3 percent by 2028. This growth is driven by factors such as economic expansion, rising per capita income, a young population gaining access to investment opportunities, climate change considerations, and technological advancements.
DBS Treasures' business data in Indonesia supports this projection with a notable increase in Assets Under Management (AUM), which grew by 39 percent from 2022 to 2025. The increasing number of HNWIs has created a demand for comprehensive financial solutions. DBS Treasures aims to establish itself as a trusted partner for global wealth management, addressing the needs of clients in Asia.
Melfrida Gultom, Consumer Banking Director at PT Bank DBS Indonesia, stated: “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.”
Bank DBS Indonesia offers its clients insights into investment opportunities through a dedicated team of global experts who analyze market signals. From an Asian perspective, DBS Bank Ltd provides services covering personal assets and family business management while assisting with legacy planning for future generations.
In addition to expert discussions like Monthly & Annual Market Update sessions and platforms like Portfolio 360˚ that offer personalized portfolio advice using AI technology, Bank DBS Indonesia also emphasizes ease of financial access through their digibank application.
Natalina Syabana, Head of Segmentation at PT Bank DBS Indonesia said: “As a bank with extensive connectivity across Asia... we are ready to help customers optimize every investment opportunity.”
DBS Treasures customers can enjoy various privilege packages across Asia-Pacific including travel and wellness options supported by the eco-friendly DBS Vantage Visa Infinite Credit Card made from recycled metals.
DBS Treasures also aligns with ESG goals offering bonds and mutual funds aimed at positive impacts along with initiatives like Spark Saving which donates interest earnings towards children's education in remote areas.
For further information about DBS Treasures visit go.dbs.com/globalwealth