CIMB Private Banking named best domestic private bank by Asiamoney

KUALA LUMPUR: CIMB Private Banking has received a series of awards, including Best Domestic Private Bank for the fourth year running, at the 2023 Asiamoney Asia Private Banking Awards.

The other awards the bank bagged this year include Best Digital Private Bank, Best for ESG Investing, as well as Best for High Net Worth 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,” said CIMB Group wholesale banking co-CEO Novan Amirudin in a statement.

He said 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," he added.