CIMB Group aims to double AUM under Preferred segment by 2025

CIMB Bank Bhd and CIMB Islamic Bank Bhd have strengthened their offerings for emerging and affluent clients across the ASEAN region, and aim to double assets under management (AUM) under the banking group’s Preferred segment by 2025.

The CIMB banking group noted that the total ASEAN wealth market generates annual revenue of around RM40 billion, and is expected to grow rapidly between 2020 to 2025 with a forecast compound annual growth rate of over 13%.

“As such, the bank is doubling down on providing best-in-class service and personalised solutions to meet the changing needs of today’s emerging and affluent ASEAN segment.

“This includes access to CIMB Preferred preferential rates, which offer clients attractive financing rates, investment, bancassurance and bancatakaful products, as well as personalised portfolios, backed by insights to help clients achieve their financial goals,” it said in a statement on Thursday (April 14).

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