DBS Indonesia Wealth Management Profit Surges 24% Amid Market Volatility

The wealth management segment of PT Bank DBS Indonesia recorded a 24% year-on-year (YoY) surge in net profit as of June 2026, defying heightened global and domestic market volatility. This performance was underpinned by a 13% YoY increase in assets under management (AUM) for its priority and private client segment.

Consumer Banking Director Melfrida Gultom stated that the positive results were achieved despite macroeconomic conditions deviating from initial predictions. The bank strengthened its Relationship Management (RM) team to maintain client loyalty by providing rapid insights and risk mitigation strategies.

In terms of investment instruments, client preferences shifted dynamically in response to market yields. Head of Investment & Insurance Product Djoko Soelistyo noted that a previous inverted yield curve phenomenon, where short-term bond yields spiked above long-term bonds, had triggered a buying spree for short-term bonds. However, as yields have since normalised, customers are expected to rotate back into long-term instruments.

Among the most sought-after products by private clients are offshore equity mutual funds, particularly Sharia-compliant ones focused on Asia and the United States, as well as thematic portfolios targeting the technology and infrastructure sectors. Structured products, which combine underlying assets with derivatives, also recorded very high interest due to their ability to provide protection and optimal returns during periods of high market volatility. The bank projects that demand for structured products will continue to grow if global uncertainty persists through the end of the year.