KUALA LUMPUR (Feb 22): CIMB Group Holdings Bhd’s wealth management arm CIMB Private Banking was named the overall best private banking services provider in Malaysia, according to Euromoney Global Private Banking and Wealth Management Survey 2021.

In a statement today, the banking group said it topped a total of six categories ahead of ten other Malaysian, regional and global banks operating in Malaysia.

CIMB Investment Bank Bhd chief executive officer Jefferi Hashim said the achievement was a testament to the bank’s strong focus and commitment to providing the best service, and the support of clients despite the challenging market conditions.

“In line with the wealth management segment focus in our Forward23+ strategy, CIMB Private Banking remains committed to forging deeper client relationships by aligning client interests supported by strong advisory capabilities as well as innovative solutions,” he added.

Among the awards won by CIMB are ‘Best Private Banking Services Overall in Malaysia’, ‘Mega High Net Worth Clients (US$250million+)’, ‘Ultra High Net Worth Clients (>US$30 million – US$250 million)’, ‘Investment Management’, ‘Technology — Data Management and Security in Private Banking and Wealth Management’ and ‘Technology — Innovative or Emerging Technology Adoption’.

At midday break today, CIMB shed 1.41% or six sen to RM4.19, valuing it at RM41.58 billion.