CIMB Private Banking honoured as Best Domestic Private Bank in Malaysia for the fourth year in a row by Asiamoney
27 April 2023
Total of four major awards mark bank’s achievements in helping high net worth clients at every stage of their wealth journey
Kuala Lumpur: CIMB Private Banking has been awarded the Best Domestic Private Bank, Best Digital Private Bank, Best for ESG Investing, as well as Best for High Net Worth in Malaysia at the 2023 Asiamoney Asia Private Banking Awards. This also marks the fourth consecutive year the Best Domestic Private Bank award has been conferred to CIMB Private Banking.
Novan Amirudin, Co-Chief Executive Officer, Group Wholesale Banking of CIMB Group said, “We are honoured to be recognised once again as the leading private bank in Malaysia. These awards reaffirm our expertise in meeting the needs of high net worth individuals and families at every stage of their wealth journey. We would like to thank our clients for their unwavering support and trust in our capabilities, and we remain committed to delivering the right solutions and advice to help them navigate the challenging investment landscape."
CIMB Private Banking’s continuous focus on building a robust client coverage model and strong investment advisory has been central to the expansion of its client base, while CIMB Group’s network provides the advantage of seamless cross-border services for its clients, especially between Malaysia and Singapore.
With an anticipated steady growth of high net worth individuals’ wealth in Asia in the next few years, CIMB Private Banking is strategically positioned to continue to service this segment covering both their individual and corporate investment needs. Leveraging on CIMB Group’s Wholesale Banking framework and strong regional presence, entrepreneur and corporate clients enjoy a wider pool of products and services. This includes advisory and expertise in areas including debt capital markets, equity capital markets and treasury solutions.
CIMB Group is committed to being at the forefront of sustainability with its target of mobilising RM60 billion in sustainable finance by 2024 under the Group’s Green, Social, Sustainable Impact Products and Services (“GSSIPS”) Framework. In line with this aspiration, CIMB Private Banking will continue to meet the growing interest in ESG-linked investments as the markets for ESG funds continue to grow regionally and globally.
Novan Amirudin, Co-Chief Executive Officer, Group Wholesale Banking of CIMB Group
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