In a remarkable feat, DBS Private Bank’s multi-family office has soared to a record S$1 billion in assets under management (AUM) merely two years post-launch. The DBS Multi Family Office Foundry VCC (DBS MFO), which debuted in 2023, proudly claims the title of the world’s first bank-backed multi-family office. Since its inception, this financial innovator has attracted 25 ultra-high-net-worth (UHNW) families from across the globe, according to a press release from Singapore’s largest bank issued on Septembe ...