CIMB’s private banking arm tops total of six categories in Euromoney’s Global Private Banking and Wealth Management Survey 2021KUALA LUMPUR, Feb 22 (Bernama) --
CIMB Private Banking has been awarded Best Private Banking Services Overall in Malaysia in the Euromoney Global Private Banking and Wealth Management Survey 2021. CIMB Private Banking was ranked top, ahead of 10 other Malaysian, regional and global banks operating in the country.
In addition, CIMB was also ranked No. 1 in five other categories in Malaysia. The complete list of awards won is as follows:
• Best Private Banking Services Overall in Malaysia (No. 1)
• Mega High Net Worth Clients (US$250m+, No. 1)
• Ultra High Net Worth Clients (>US$30m – US$250m, No. 1)
• Investment Management (No. 1)
• Technology - Data Management and Security in Private Banking and Wealth Management (No. 1)
• Technology - Innovative or Emerging Technology Adoption (No. 1)
Jefferi Hashim, Chief Executive Officer, CIMB Investment Bank Berhad said, “We are honoured by the recognition as the industry’s best by our peers. This achievement is a testament to the team’s strong focus and commitment to providing the best service, and the support of our clients despite the challenging market conditions. In line with the wealth management segment focus in our Forward23+ strategy, CIMB Private Banking remains committed to forging deeper client relationships by aligning client interests supported by strong advisory capabilities as well as innovative solutions.”
CIMB Private Banking is the wealth management arm of CIMB Group catering to its high net worth segment with regional presence in Malaysia, Singapore and Indonesia. With CIMB Group’s integrated banking solutions and footprint across ASEAN, clients are able to benefit from a seamless and holistic approach for both their personal and business needs.
The Euromoney Global Private Banking and Wealth Management Survey provides a qualitative review of the best services in private banking, by region and by area of service. The survey is completed by private banks and wealth managers.About CIMB
CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM42.7 billion as at 31 December 2020. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in all 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, Laos and Philippines). Beyond ASEAN, the Group has market presence in China, Hong Kong, India, Korea, the US and UK.
CIMB has one of the most extensive retail branch networks in ASEAN with 668 branches and around 34,000 employees as at 31 December 2020. The Group’s investment banking arm is one of the largest Asia Pacific-based investment banks, while it offers comprehensive research coverage of around 950 stocks in the region via its CGS-CIMB joint venture. CIMB is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.SOURCE: CIMB Group
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