DBS and Avaloq expand 18-year partnership on wealth skills

DBS is aiming to grow its retail and assets under management to S$1t.

DBS and Avaloq have inked a memorandum of understanding expanding their 18-year partnership to develop wealth management skills for clients and advisers in Asia.

Potential initiatives include learning programmes, knowledge sharing sessions, and cross-functional exchanges, according to a joint statement on 25 September 2026.

DBS and Avaloq will explore the broader deployment of the Avaloq platform across DBS’ markets and business lines.

The two firms will also explore the joint development of capabilities and solutions spanning digital platforms, products, execution and future wealth management models.

DBS said that the expanded partnership is part of its goal to grow its retail and assets under management to S$1t by 2030.

DBS expects the partnership to strengthen the capability and capacity of its advisers and specialists to serve DBS’s wealth continuum.