CIMB Group Holdings Berhad launched its Private Wealth business in Malaysia today.
The bank plans to expand this service to Singapore and Thailand by the end of 2026. This regional growth follows a recent roll-out of the segment in Indonesia.
The service targets high-net-worth individuals with minimum assets under management of RM1 million (approximately US$244,612). Clients receive dedicated relationship managers, bespoke investment products, and succession planning advisory services.
CIMB aims to capitalize on Southeast Asia’s rising incomes and a significant wave of intergenerational wealth transfer.