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OCBC Malaysia Introduces High Net Worth Individual Category
Last update: 05/03/2018

KUALA†LUMPUR, March†5 (Bernama)†-- OCBC Bank (Malaysia) Bhd has introduced a distinct high net worth individual (HNWI) category to its†Premier Banking platform, in aiming to attract†those with assets under management (AUM) of RM3 million and above.

In tandem with the new addition, the bank has launched OCBC Premier Private Client†(PPC), it said in a statement.

Head of Consumer Financial Services, Lim Wyson†said the newly-launched PPC offers a platform premised on the ideals of the private banking model and these offerings include tailored wealth advisory and solutions backed†by the OCBC Group Wealth Platform's research capabilities.

"The research team's capabilities cover client advisory across major asset classes, wealth transfer services including trust and insurance, and portfolio†financing, alongside†comprehensive research on more than a thousand securities,†thirty currencies and proprietary stock picks," he added.

The PPC will†also ride on the†momentum generated in the past four years when the bank doubled both its†Premier Banking and HNWI customer base.†

"The†next step was for us to naturally expand into the HNWI segment. Although†this segment resided within the overall Premier Banking customer base, we†have been tracking the numbers separately. We are delighted to say that the†number has almost doubled over the past four years," he added.

He also said that†the PPC initiative is in line with the growth of Malaysia's HNWI and the country's aspirations towards becoming a high income society.



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Source: Bank Negara Malaysia

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