KUALA LUMPUR: CIMB Group Holdings Bhd is expanding its presence in Asean’s fast-growing affluent and wealth segment as part of its Forward30 strategy, intending to grow its wealth asset under management two-fold and deliver stronger wealth and cross-sell revenue by 2030. 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% and 34%. 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. “CIMB aims to deepen relationships with high-value clients through an integrated offering spanning wealth management, deposits, financing and investment advisory,” he said in a statement yesterday. 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.

Source: The Star April 07, 2026 21:30 UTC