DBS (SGX:D05) is looking to accumulate more than SG$1 trillion in assets under management across its segments by 2030, according to a Business Times report, citing group executive, Shee Tse Koon on Tuesday.

The bank is stepping up investments in AI, partnerships and regional expansion, and will hire 600 front-line advisers and platform engineers by 2028, the report said.

The bank's wealth AUM reached SG$492 billion during the first quarter of the year, with around 58% of wealth assets deployed in investment products, the report noted.

DBS is also looking to add 18 wealth centers across core regional markets and has also outlined plans to hire across Dubai and London, the report said.

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