{"id":559147,"date":"2026-07-20T14:51:14","date_gmt":"2026-07-20T14:51:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/559147\/"},"modified":"2026-07-20T14:51:14","modified_gmt":"2026-07-20T14:51:14","slug":"as-asean-grows-richer-cimb-seeks-to-tap-wealth-moving-across-generations","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/559147\/","title":{"rendered":"As Asean grows richer, CIMB seeks to tap wealth moving across generations"},"content":{"rendered":"<p>KUALA LUMPUR (July 20): As Asean\u2019s affluent population expands, wealth is increasingly moving across multiple generations with differing priorities, risk appetites and financial goals.<\/p>\n<p>For the first time, there are now four distinct generations \u2014 baby boomers, Gen X, Gen Y and millennials \u2014 earning and investing simultaneously, said Haniz Nazlan, chief executive officer of consumer banking at CIMB Group Holdings Bhd (KL:<a href=\"https:\/\/theedgemalaysia.com\/askedge\/klse\/1023\" class=\"ce-stock\" target=\"_blank\" rel=\"nofollow noopener\">CIMB<\/a>).<\/p>\n<p>\u201cWe are seeing a great rewiring of wealth,\u201d he said. \u201cMultiple generations are actively involved in the rapid evolution of wealth creation, protection and intergenerational transfer, all happening at the same time.\u201d<\/p>\n<p>To tap into the region\u2019s affluent population expected to grow 5%-6% annually, CIMB has announced the launch of CIMB Private Wealth offering bespoke services and privileges for clients across Asean.<\/p>\n<p>Haniz said CIMB Private Wealth addresses the market gap by functioning as a complete advisory platform tailored for individuals with an asset under management of RM1 million or more.<\/p>\n<p>He is touting the bank\u2019s regional connectivity with over 600 branches and 1,500 relationship managers to offer localised knowledge and context for their clients across Asean, rather than managing client wealth remotely.<\/p>\n<p>Private Wealth clients also benefit from personalised advisory through dedicated senior relationship managers and certified investment advisors, supported by CIMB\u2019s Chief Investment Office-guided portfolio reviews, asset allocation strategies and market insights.<\/p>\n<p>Further, clients also get a suite of premium privileges across CIMB\u2019s Asean footprint as well as the benefits of the CIMB Private Wealth World Elite Card.<\/p>\n","protected":false},"excerpt":{"rendered":"KUALA LUMPUR (July 20): As Asean\u2019s affluent population expands, wealth is increasingly moving across multiple generations with differing&hellip;\n","protected":false},"author":2,"featured_media":559148,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-559147","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/559147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=559147"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/559147\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/559148"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=559147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=559147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=559147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}