DBS Group Holdings and Avaloq have signed a memorandum of understanding to broaden their 18-year partnership. They plan to co-develop next-generation wealth management technology for clients and advisors across Asia, combining DBS’s wealth expertise with Avaloq’s technology.
The expanded partnership will focus on enterprise growth, co-innovation and capability building. It supports DBS’s goal of growing its retail and wealth assets under management to SGD 1 trillion by 2030, amid rising demand for professional investment advice across the region.