Wire flash
FinanceCIMB launches private wealth proposition for ASEAN clients
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
Malaysia's CIMB Bank Berhad has launched CIMB Private Wealth, a new wealth segment targeting affluent clients across ASEAN. The bank plans to roll out the service in Singapore and Thailand before the end of 2026 as part of its Forward30 strategy to double wealth assets under management by 2030. The offering integrates institutional financial services, advisory support, and wealth products focused on capital growth, asset protection, and succession planning. Clients will include high-net-worth individuals and business customers managing personal investments and cross-border finances. They will receive support from senior relationship managers and certified investment advisors, portfolio reviews, asset allocation guidance, and market updates from CIMB's chief investment office. Digital access is available through the MyWealth feature on the OCTO banking app, along with premium privileges across CIMB's ASEAN network and benefits tied to the CIMB Private Wealth World Elite Card. CIMB Group consumer banking CEO Haniz Nazlan highlighted the rapid evolution of wealth creation and intergenerational transfer in the region.
Source report
By: Vidhya Edwards Munnangi, Private Banker International
Malaysia's CIMB Bank Berhad has launched CIMB Private Wealth, a new wealth segment targeting affluent clients across the ASEAN region.
According to The Business Times, CIMB Group plans to roll out the private wealth business in Singapore and Thailand before the end of 2026. The initiative is part of a broader strategy to double the bank's wealth assets under management by 2030.
Key Features of CIMB Private Wealth
The offering integrates institutional financial services, advisory support, and wealth products designed to assist clients with:
- Capital growth
- Asset protection
- Succession planning
Under CIMB's Forward30 plan, the new segment serves a range of ASEAN clients through investment, lending, and protection products, alongside wealth advisory services.
Target Client Base
- High-net-worth individuals seeking specialist guidance on wealth matters
- Business customers managing personal investments and cross-border financial activity
Client Benefits and Services
Clients in this segment will receive:
- Regional recognition tied to Private Wealth privileges
- Access to CIMB's commercial and wholesale banking network across ASEAN
- Support from senior relationship managers and certified investment advisors
- Portfolio reviews, asset allocation guidance, and market updates from CIMB's Chief Investment Office (CIO)
- Digital access via the MyWealth feature on CIMB's OCTO banking app
- Premium privileges across CIMB's ASEAN network
- Benefits linked to the CIMB Private Wealth World Elite Card
Executive Comment
Haniz Nazlan, CEO of Consumer Banking at CIMB Group, stated:
"We are seeing a great rewiring of wealth, especially in the ASEAN region. Multiple generations are actively involved in the rapid evolution of wealth creation, protection and intergenerational transfer, all happening at the same time. 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."
This article was originally created and published by Private Banker International, a GlobalData owned brand.
Source
Yahoo FinanceNeutral / independent
Part of this Story
CIMB launches private wealth proposition for ASEAN clients