Tuesday 17 November 2015

Maybank expands private wealth business to Sarawak

Malayan Banking Bhd (Maybank) has expanded its wealth management business to Sarawak with the opening of a new Private Wealth Centre in Kuching and located within the existing Maybank Crown Towers Premier Centre.

Maybank’s global network of private wealth centres now stands at five with its other centres located in Kuala Lumpur, Singapore, Hong Kong and London, the bank said.

In a statement on Tuesday, Maybank said wealth management remained a key pillar of its growth over the next few years.

As at September 2015, its total private wealth business recorded some RM20bil in total financial asset (TFA). Combined with its premier wealth segment, the total wealth management business tipped the scale at RM150bil.

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