Strategy
CIMB Plans To Expand Wealth Management Offering
CIMB Private Bank, the wealth management arm of financial
services provider CIMB Group, is looking to bolster its high net
worth offering in Sarawak, Malaysia. The announcement comes on
the back of a 25 to 30 per cent year-on-year growth in the
company since it entered the country in 2005.
At a recent media briefing, co-head Carolyn Leng said that the
bank is looking to expand its services to Sarawak's affluent
market. "Sarawak is a high growth area for CIMB Private Banking
as it is home to many of the country's successful professionals
and entrepreneurs," she said. Currently, the bank has two
satellite office in the country - one in Sibu and the other in
Miri.
The Bumiputra-Commerce Holdings-owned CIMB Group is the second
largest financial services provider in Malaysia.
