SINGAPORE (Apr 12): The top 20 private banks in Asia saw their combined assets under management (AUM) soar past the US$2 trillion ($2.6 trillion) milestone in 2017, according to data compiled by Asian Private Banker.

The private banking arm of DBS Group Holdings saw its AUM climb 33.6% y-o-y to US$108.5 billion in 2017, while Oversea-Chinese Banking Corporation’s (OCBC) Bank of Singapore grew 25.3% y-o-y to US$99.0 billion, and United Overseas Bank (UOB) Private Bank gained 32.8% y-o-y to US$34.3 billion.

Among the top 20 private banks in Asia (excluding China onshore), DBS, Bank of Singapore, and UOB Private Bank are ranked 6th-, 8th-, and 16th-largest, respectively, in terms of assets under management.

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