ID WEALTH GROUP

SINGAPORE, Sept 23 2025 (Reuters) - DBS Private Bank, part of Singapore's biggest bank DBS Group (DBSM.SI), opens new tab, said on Tuesday its bank-backed multi-family office platform has reached S$1 billion ($780 million) in assets under management two years after launch and is on track to hit S$2 billion by end-2026. Family offices are private firms that the ultra wealthy use to manage their money, taxes and succession plans. Multi-family offices provide most of the same services as single-family offices but to more than one family using shared resources. Multi-family offices provide most of the same services as single-family offices but to more than one family using shared resources.