CIMB Private Wealth is now available to affluent individuals and business clients across ASEAN.
The segment combines investment, financing, protection and advisory services, including conventional and Shariah-compliant solutions.
Customers will receive support from senior relationship managers and certified investment advisers, alongside portfolio reviews, asset allocation guidance and market insights from CIMB’s Chief Investment Office.
Digital wealth advisory is also available through the MyWealth service on CIMB’s OCTO app.
Business clients can draw on the group’s commercial and wholesale banking capabilities while managing their personal investments and cross-border activities.
Other benefits include regional private wealth privileges and the CIMB Private Wealth World Elite Card.
Haniz Nazlan, Chief Executive Officer of Group Consumer Banking at CIMB Group, said,
“Clients are seeking trusted partners to navigate the complexity of wealth management to grow, preserve and transition their wealth legacies. In line with the CIMB brand promise, ‘Moving You Forward’, CIMB Private Wealth is designed to cater to the changing needs, behaviours and aspirations of today’s savvy affluent clients.
As wealth becomes increasingly multifaceted and borderless, our role extends beyond managing assets – we are committed to partnering our clients through life’s most important decisions and milestones.”
The launch forms part of CIMB’s Forward30 strategy as the bank responds to changing wealth-management needs across ASEAN.
CIMB estimates ASEAN’s economy at US$4 trillion and expects the region’s affluent population to grow by 5% to 6% a year.
Featured image: (From left) Haniz Nazlan, Chief Executive Officer, Group Consumer Banking, CIMB and Daniel Cheong, Head of Consumer Banking Malaysia, CIMB at the launch of CIMB Private Wealth.
