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DBS Group’s wealth management business has experienced significant inflows from Asia, the Middle East, and Europe, according to CEO Piyush Gupta. He expects net inflows to remain strong, noting that wealth management is a top-performing sector. This comes after UBS Group’s emergency takeover of Credit Suisse. Singapore, considered a financial safe-haven, has seen a surge in inflows from wealthy clients amid global uncertainty. These inflows, along with higher interest rates, have boosted earnings for Singapore banks.
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