CIMB Private Banking has been awarded Best Private Banking Services Overall in Malaysia by the Euromoney Global Private Banking and Wealth Management Survey 2021. CIMB Private Banking was ranked number one, ahead of 10 other Malaysian, regional, and global banks operating in the country.
Additionally, CIMB also took first place in five other categories in Malaysia. The categories are as follows:
Mega High Net Worth Clients (US$250 million+) – Rank #1
Ultra High Net Worth Clients (Over US$30 million – US$250 million) – #1
Investment Management – #1
Technology – Data Management and Security in Private Banking and Wealth Management – #1
Technology – Innovative or Emerging Technology Adoption – #1
Responding to the rankings, CIMB Investment Bank CEO Jefferi Hashim 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.”
CIMB Private Banking is the wealth management arm of CIMB Group that caters to high net worth individuals with a regional presence in Malaysia, Singapore, and Indonesia.
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.
For the survey’s full results, you can head here.
(Source: CIMB. Text image: Euromoney.)
