DBS Private Bank commits more than 50% of AUM to sustainability investments

Wealthandsociety07 Apr, 2021Finance

DBS Private Bank aims to expand its sustainable investments to more than 50% of its total assets under management (AUM) by 2023. The bank’s sustainability portfolio currently stands at 41%. Its overall wealth management AUM (comprising Private Bank, Treasures Private Client and Treasures) is SGD 264 billion ($195.82 billion) as of 2020. One of its in-house products that focuses on sustainable investing raised over $690 million since it was launched in October last year.