Maybank has won an award for the Best Private Banking Services Overall in Malaysia and also the Best Local Bank providing private banking services, in a recent Euromoney Private Banking & Wealth Management Poll 2009.
Organised by Euromoney, one of the world's prominent banking and financial periodicals, the survey focuses on the outstanding features of each bank's activities and included peer nominations of best services offered.
Among others, the Euromoney Private Banking Poll asked private banks in Malaysia to identify the companies that they admire as the top providers of both competitive and non-competitive services. The private banks then nominated their peers that they thought were the best in Malaysia.
The Euromoney Private Banking Poll is the only comprehensive database of wealth management covering 60 countries. Results of the annual private banking poll provide a qualitative and quantitative review of the best service in private banking.
Maybank Head of Consumer Banking, Lim Hong Tat said "We are honoured to be a recipient of these prestigious awards and we thank our associates and clients for their high regard and valuable support. The awards, a first for Maybank Private Banking reinforce our strategic directions in delivering the best service to our valued clients."
"The awards are indeed an industry recognition of our expertise in the area of wealth management services. We have over a short span of time developed a strong and robust team, capable of delivering a diverse product range to meet the discerning needs of this market segment which is also an important component of our consumer banking business," Lim added.
Lim said that Maybank's Wealth Management services have witnessed strong growth in the past year with a 44% surge in high net worth customers. The bank's total financial assets under its Wealth Management portfolio have also registered an impressive growth of 50% in the last two years.