Core Insights - DBS Private Bank's multi-family office has achieved a record S$1 billion in assets under management (AUM) within two years of its launch, making it the world's first bank-backed multi-family office [1] - The DBS Multi Family Office Foundry VCC has attracted 25 ultra-high-net-worth families globally, showcasing its appeal and innovative approach [1] Group 1: Client Attraction and Features - Many families initially considered establishing their own single-family offices but were drawn to DBS MFO due to its cost optimization, manpower benefits, and streamlined administration [2] - The DBS MFO offers a "plug-and-play" solution that allows families to set up a sub-fund, automatically qualifying for tax incentives through the Variable Capital Company (VCC) structure [3] - DBS manages ongoing regulatory reporting, ensuring professional management of capital within its robust framework [3] Group 2: Investment Requirements and Growth - To join the DBS MFO, clients need a minimum investment of S$15 million, with no requirement to invest exclusively in DBS products, which has contributed to its growth [4] - As of September 2025, DBS has a stake in over one-third of Singapore's established single-family offices, with its Family Office AUM more than doubling in two years [4] - Client interest in succession planning and wealth preservation is increasing, with DBS engaging over 15 prospective clients exploring the DBS MFO as a solution [5]