The two firms signed a memorandum of understanding to expand co-innovation, platform deployment and skills development across markets as DBS grows its wealth business through 2030.
DBS and Avaloq signed an MoU to expand an 18-year partnership focused on business growth, co-innovation and capability building.
DBS will evaluate wider deployment of Avaloq’s wealth management platform across its markets with localised implementations.
Joint initiatives include digital platform and product development, execution models, and learning programmes to address adviser capacity and talent shortages.
DBS and Avaloq formalised an expanded collaboration on 25 September 2026, signing a memorandum of understanding to broaden an existing 18-year relationship. The move aligns technology and commercial aims with DBS's stated ambition to reach S$1 trillion in retail and wealth assets by 2030.
The agreement covers three broad areas: business growth, co-innovation, and capability building. DBS will explore a wider roll-out of Avaloq's wealth management platform across its markets and business lines. Deployments will be tailored to local requirements rather than a one-size-fits-all implementation.
Co-innovation will target digital platforms, product features, execution capabilities and future wealth-management operating models. The two firms plan to jointly develop solutions intended to support advisers and expand client coverage.
The partnership includes programs for skills development and knowledge exchange: learning programmes, knowledge-sharing sessions and cross-functional exchanges. This element responds to two pressure points in Asia's wealth sector identified in the piece: rising demand for professional investment advice and a shortage of wealth-management talent. DBS positions these initiatives as a way to give advisers "greater capacity for the judgment that matters."
Shee Tse Koon, Group Executive and Head of Consumer Banking and Wealth Management at DBS, framed the collaboration as combining DBS's wealth and investment expertise with Avaloq's platform and data capabilities to produce quicker, practical solutions for customers and advisers. Martin Greweldinger, Group CEO of Avaloq, described plans to expand into new markets, deepen coverage across business lines, co-create next-generation wealth technology and equip talent for an increasingly AI-enabled industry.
DBS is pursuing a major growth objective in wealth and retail assets through 2030. The expanded partnership aims to address capacity constraints among advisers and to scale investment capabilities across more clients and markets. Technology and training are the two levers named in the announcement.
What the announcement does not specify
The public statement sets out strategic intent and areas of collaboration but does not provide a rollout timeline, details on specific product releases, geographic prioritisation, or metrics for measuring success. It also does not disclose contract terms, costs, or the technical scope of Avaloq platform deployments.
The announcement comes amid a broader industry dynamic in Asia: rising demand for wealth advice and active moves by banks and technology vendors to extend advisor capacity and client coverage. Banks in the region are combining platform investments and talent programmes as they scale wealth offerings.
DBS and Avaloq will extend their long-running partnership to combine platform technology with DBS's wealth capabilities, with objectives across market expansion, product co-development and adviser skill-building. The collaboration is presented as a strategic tool to help DBS pursue its S$1 trillion assets target by 2030 while addressing adviser capacity constraints.
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