Maybank Asset Management eyes RM100mil AUM with new AI-powered solution

From left: Maybank Asset Management Sdn Bhd CEO Ahmed Muzni Mohamed, Maybank Asset Management chairman, Dr Hasnita Hashim, Arabesque Group founder and CEO Omar Selim and Maybank Islamic Bhd CEO Datuk Mohamed Rafique Merican.

KUALA LUMPUR: Maybank Asset Management Sdn Bhd (MAM) targets to clinch RM100 million assets under management (AUM) in the next 12 months with the launch of its Shariah-compliant artificial intelligence (AI)-powered Hyper-Customised Discretionary Portfolio Mandate (DPM), tailored for high-net-worth clients in Malaysia.

Its chief executive officer (CEO), Ahmed Muzni Mohamed, said the offering, introduced in collaboration with Arabesque AI, is set to elevate Maybank Islamic wealth management to serve clients’ investment needs better.