{"id":380371,"date":"2026-04-07T23:18:19","date_gmt":"2026-04-07T23:18:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/380371\/"},"modified":"2026-04-07T23:18:19","modified_gmt":"2026-04-07T23:18:19","slug":"cimb-targets-doubling-wealth-asset-under-management-under-forward30-strategy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/380371\/","title":{"rendered":"CIMB targets doubling wealth asset under management under Forward30 strategy"},"content":{"rendered":"

KUALA LUMPUR: CIMB Group Holdings Bhd<\/a><\/a> is expanding its presence in ASEAN\u2019s fast-growing affluent and wealth segment as part of its Forward30 strategy, intending to grow its wealth asset under management (AUM) two-fold and deliver stronger wealth and cross-sell revenue by 2030.<\/p>\n

CIMB Group consumer banking chief executive officer Haniz Nazlan said the ambition is to enable the bank to sustain a non-interest income contribution between 33 per cent and 34 per cent.<\/p>\n

He said that, with its strong presence and retail franchise across key ASEAN markets, CIMB comes from a position of strength and is well positioned to capture growth in the affluent wealth segment.<\/p>\n

Haniz said that across ASEAN, the affluent population is growing at a robust pace, driven by rising incomes, entrepreneurship, and intergenerational wealth creation, and that their financial needs are becoming increasingly sophisticated.<\/p>\n

“CIMB aims to deepen relationships with high-value clients through an integrated offering spanning wealth management, deposits, financing and investment advisory,\u201d he said in a statement today.<\/p>\n

Meanwhile, CIMB said expanding into affluent wealth forms a key pillar of its Forward30 ambition to grow its cash and deposits franchise, which provides a stable funding base while enabling the group to deliver higher-value cross-selling across investment products, lending and advisory services.<\/p>\n

As at December 2025, the group\u2019s cash strategy continues to demonstrate positive results. Total deposits and current account savings account (CASA) balances grew by 5.4 per cent year-on-year (y-o-y) to RM524.4 billion and 1.6 per cent y-o-y to RM224.1 billion, respectively, on a constant currency basis, bringing the CASA ratio to 42.7 per cent.<\/p>\n

In January 2026, CIMB launched its Private Wealth in Indonesia, followed by Malaysia in mid-2026 and other markets during the year, to further strengthen its regional wealth management ambition.<\/p>\n

Islamic wealth markets like Indonesia and Malaysia continue to outpace the conventional segment. Indonesia remains one of ASEAN\u2019s most attractive long-term wealth markets, supported by strong economic fundamentals, a rapidly expanding middle- and upper-income segment, and rising demand for professional wealth advisory, the bank said.<\/p>\n

CIMB believes ASEAN\u2019s wealth landscape remains structurally underpenetrated, creating a significant opportunity for regional banks with strong local networks and advisory capabilities.<\/p>\n

“With its presence across key ASEAN markets, CIMB is well-positioned to capture this growth while strengthening its customer franchise and delivering sustainable long-term value,\u201d it added. – Bernama<\/p>\n","protected":false},"excerpt":{"rendered":"KUALA LUMPUR: CIMB Group Holdings Bhd is expanding its presence in ASEAN\u2019s fast-growing affluent and wealth segment as…\n","protected":false},"author":2,"featured_media":380372,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[8543,11722,114,164768,268,182038,85,46,266,267,1583],"class_list":{"0":"post-380371","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-asset","9":"tag-banking","10":"tag-business","11":"tag-cimb","12":"tag-finance","13":"tag-forward30","14":"tag-il","15":"tag-israel","16":"tag-personal-finance","17":"tag-personalfinance","18":"tag-wealth"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/380371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=380371"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/380371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/380372"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=380371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=380371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=380371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}