Citibank (M) Bhd has joined forces with CIMB-Principal Asset Management Malaysia to distribute private retirement scheme solutions for its customers in the region.
Through this partnership, Citibank becomes the first foreign bank in the country to offer private retirement savings as well as management products and services.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Elaine Fan, retail banking head at Citibank, said acknowledging the demand from its discerning customers, PRS fitted perfectly within the wealth continuum solutions.
"Hence, when PRS was first launched in Malaysia last year, we immediately put our plans into action with CIMB-Principal in order to realize this opportunity for our client base in Malaysia.
"Our partnership as CIMB-Principal’s PRS distributor is an important milestone for us in supporting the Government’s initiative in encouraging the public to plan for their retirement years effectively," Fan added.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
