SINGAPORE (Sept 18): DBS has identified a new area for growth opportunities in Thailand – its rapidly growing wealth population.

DBS Private Bank and DBS Vickers Securities (Thailand) on Wednesday announced a partnership which seeks to target Thailand’s growing pool of wealth clients with seamless access to fully integrated onshore and offshore wealth management propositions.

Thailand’s wealth population has shown rapid growth over the years. The Kingdom is home to over 122,000 high-net-worth individuals (HNWIs) as of 2017 – almost equal to the number of HNWIs in Singapore.

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