DBS, Samsung Securities to Partner on Wealth Management in Asia
By Amanda Lee
Singapore's DBS Group and South Korea's Samsung Securities are joining forces to beef up their wealth management offerings across Asia.
The two financial institutions signed a memorandum of understanding to form a partnership in wealth management, allowing their clients to diversify across markets, DBS said Thursday.
"As Asia cements its place as a global wealth management hub, clients increasingly seek professional advice to grow their wealth and businesses," DBS said.
The partnership marks an important milestone as Korean investors are able to connect to global markets and brings global opportunities to Samsung Securities' clients, said Park Jong-moon, the brokerage's president and chief executive.
Lenders in Asia are tapping the wealth management market to broaden revenue streams and target the fast-growing affluent base across the region.
In South Korea, the global artificial-intelligence boom has made fortunes for investors in Samsung Electronics and SK Hynix.
Write to Amanda Lee at amanda.lee@wsj.com
(END) Dow Jones Newswires
July 02, 2026 02:13 ET (06:13 GMT)
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