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Corp News

Maybank Wins Euromoney Best Private Banking Services Award

02 March 2010

3 min read

Maybank Wins Euromoney Best Private Banking Services Overall Award Again


Maybank for the second consecutive year winner in the Euromoney Private Banking Survey 2010 for the Best Private Banking Services Overall in Malaysia. Maybank clinched 20 top spots out of 33 sub-categories in the same poll to win the award.


Euromoney's Private Banking Survey covers over 60 countries and polls institutions as well as private bankers in the selection of the winner for respective awards. The winners are selected based on an independent selection panel. The award is a strong testimony of excellence in wealth management offered by private banking institutions.


"Each year, the competition gets more intense in the wealth management industry. We are indeed pleased that we have been recognised for the second year running as the overall winner in Malaysia," said Lim Hong Tat, Head of Consumer Banking Maybank today. "We dedicate this award to all our private banking clients, who will undoubtedly spur us to continuously offer wealth management services of the highest excellence."


Lim said that Maybank Wealth Management has seen its high networth customer base rapidly growing in excess of 25% per annum. This growth rate is expected to grow in tandem with the rising affluence of Malaysians particularly against a backdrop of an improving economic conditions.


"We are witnessing growing interest amongst our high networth clients for increasingly sophisticated products and services such as Dual Currencies Investments, IPO offerings, Structured Deposits and Managed Funds. Maybank offers a wide spectrum of differentiated products and services to cater specifically for this market segment. In the past months, we have successfully introduced an interesting array of new innovative products for our most discerning customers," added Lim.


Maybank has 23 private banking centres and 5 private banking lounges nationwide offering very personalised and tailored products and services.