DBS and Samsung Securities signed a preliminary memorandum of understanding (MOU) on July 2, 2026, to pursue a wealth management partnership focused on the Asia region [1, 2, 3]. The deal aims to give DBS clients access to Samsung Securities’ South Korean investment products and Samsung clients entry to DBS’s multi-asset global wealth solutions [1, 2, 3].
The collaboration will focus on four key areas: investment access, client advisory connectivity, broader global wealth offerings, and joint efforts in innovation and learning—particularly in artificial intelligence and leadership in wealth management thought development [2, 3]. Samsung Securities is well established in South Korea’s capital markets, while DBS offers a strong regional and global wealth platform [1, 2, 3].
Park Jong-moon, president and CEO of Samsung Securities, said, "By pairing Samsung Securities’ strength in South Korea’s capital markets with DBS’ regional and global wealth platform, we can offer clients a more connected and differentiated wealth experience" [2]. DBS CEO Tan Su Shan said, "Asia is fast becoming the world’s wealth engine, and clients increasingly want to manage their wealth seamlessly across markets" and added, "Over time, we hope to bring the full strength of DBS as one bank to serve clients across their wealth and business alike" [2].
The memorandum is an initial agreement, with detailed terms to be finalized later [1]. The announcement comes amid a strong rally in South Korean stocks, boosted by AI-related chip stocks and optimism about market reforms [1].
