Singapore, Sept. 23, 2025 – DBS Private Bank, part of Singapore’s largest lender DBS Group, said Tuesday its multi-family office platform has reached S$1 billion ($780 million) in assets under management just two years after launch — and is on track to double that figure by the end of 2026.
Fast Growth in Wealth Management
The DBS Multi Family Office Foundry VCC (DBS MFO) was introduced in 2023 to help wealthy families establish Singapore-based investment vehicles without building costly single-family offices from scratch. DBS handles administration while clients retain control over their investment choices.
“In the last nine months, we’ve seen more things happen than maybe the last nine years,” said Lee Woon Shiu, Group Head of Wealth Planning, Family Office and Insurance Solutions at DBS Private Bank. He noted that rising uncertainty and volatility worldwide are prompting ultra-rich clients to act faster in safeguarding their fortunes.
Who’s Investing
All of the S$1 billion managed by DBS MFO represents fresh capital, with clients spanning Europe, India, Greater China and across Asia. More than 25 families have onboarded so far, each required to commit at least S$15 million per sub-fund. DBS is also in active talks with more than 15 additional prospects.
Lee expects assets under management to climb to S$2 billion by 2026 as wealthy families continue to seek stability in Singapore, which is prized for its predictability, transparency and flexibility.
Singapore as a Wealth Hub
The platform leverages the umbrella Variable Capital Company (VCC) structure launched by Singapore in 2020. Unlike traditional family offices that can take up to four months to establish, onboarding through DBS MFO can be completed in about a month.
For families exploring Singapore as a long-term base, the platform also acts as a “trial run” before upgrading to a full single-family office. Lee said this makes it particularly attractive to clients in markets like Taiwan, Japan, and the UK, where families are weighing options to internationalize their wealth.
What This Means for Everyday Readers
- Global money is moving fast: Wealthy families are seeking havens amid economic uncertainty.
- Singapore is rising as a safe base: Predictable laws and tax clarity make it appealing to ultra-rich investors.
- DBS’s platform is a shortcut: It offers speed and scale that traditional setups can’t match.
Quick Takeaways
- DBS’s multi-family office platform now manages $780 million.
- Assets expected to reach $1.56 billion by end-2026.
- More than 25 families onboarded, with a minimum S$15 million each.
- Singapore’s VCC structure is speeding up wealth inflows.
Bottom line: Singapore is cementing its status as a top wealth hub, with DBS positioning itself at the heart of a global shift in where the world’s richest park their money.
