Malaysia based CIMB Group has made several hires into its private bank in Singapore, in an effort to keep up with the growing wealth pack.
The ambitious institution which harbours aspirations to break into the upper echelons of the wealth management sector is said to have hired seven private bankers according to a «Bloomberg» report
Five of the hires have already started and the remaining two will join later this year, some are said to be relationship managers who formerly worked at Australia & New Zealand Banking Group's Singapore unit.
Rapidly Expanding
In another sign of its ambitions CIMB recruited Olivier Crespin, the former Group Head Digital Bank at DBS in Singapore, he is scheduled to begin his new role with CIMB Fintech in June 2017, subject to regulatory approvals.
Malaysia’s second-largest bank by assets has been rapidly expanding its services to the wealthy in Malaysia, Singapore, Indonesia and Thailand.
Move Into the Thai Wealth Market
finews.asia reported recently on the bank's move into the Thai wealth market, a location that has also attracted the likes of Swiss giant Credit Suisse.
