DBS Bank starts wealth mgmt in India

 Kankipati Rajan Raju, managing director & head (south and southeast Asia) at DBS Bank, said the bank would leverage on its Asian strengths and tap the growing number of Indians moving to other Asian countries
for work.

 Industry estimates put the wealth of the top 70,000 rich individuals in the country at $260 billion.

 DBS Bank will also tap the top officials of its corporate clients for offering priority banking services, which involves providing wealth and investment advisory services to wealthy individuals and families.

 DBS Bank has made a beginning with Mumbai and will be launching wealth management services in New Delhi next month. Its wealth management business will be spearheaded by Raj Mahadev as head of wealth management advisory business.