CIMB Private Banking, the wealth management unit for CIMB Group’s high-net worth individuals, has appointed UOB Asset Management Malaysia to launch the first global separately managed accounts (SMA) to high-net worth individuals in Malaysia.
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Through SMA, investors can access investment strategies from global asset managers.
SMA, a discretionary portfolio platform, will provide investors access to investment strategies from global asset managers and help them invest in global stocks through a multi-currency strategy.
It will also enable investors to create a diversified portfolio through a wide exposure of global and developed economies, offering them the option to select and access global, regional and thematic strategies within a single platform.
Among these strategies include Global Equity managed by Capital, Japan Equity Active managed by BNY Mellon Japan, US Large Cap Growth managed by The Boston Company as well as Pan European Equity Alpha Strategies managed by Lazard Asset Management.
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By GlobalDataCIMB Private Banking Malaysia head Carolyn Leng said: "This offering of SMA, through UOBAM Malaysia and BNY Mellon is a major breakthrough for Malaysian wealth management given that now, high-net worth investors will have access to global strategies which were typically reserved for institutional investors.
"Our multi-manager platform means investors are able to select investment strategies which best suit their long-term goals."
