KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd have strengthened their offerings for emerging and affluent clients across the ASEAN region and aim to double the assets under management (AUM) under the banking group’s Preferred segment by 2025.
The CIMB banking group noted that the total ASEAN wealth market generates annual revenue of around RM40 billion, and is expected to grow rapidly between 2020 to 2025 with a forecast compound annual growth rate of over 13 per cent.
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