CIMB Thai Bank wins “Wealth Management Platform of the Year”
CIMB Thai Bank wins “Wealth Management Platform of the Year” Award for three consecutive years, and “Investment Product Innovation of the Year” Award from the Asian Banking & Finance Retail Banking Awards 2022. Also, more new features for wealth services will be launched in CIMB Thai Digital Banking.
Mr. Tan Keat Jin, Head of Consumer Banking, CIMB Thai Bank, expressed that the Bank has garnered Thailand’s Wealth Management Platform of the Year Award from the Asian Banking & Finance Retail Banking Awards, for the years 2020-2022, or three consecutive years, in recognition of the Bank’s determination on and innovation of growing customers’ wealth and providing services in response to customers’ expectations during COVID-19 pandemic. The outstanding 2021 performance evidenced by a 19% YoY growth of the Bank’s assets under management (AUM) could well reflect the success.
The Bank has also received Investment Product Innovation of the Year Award attributable to the remarkable performance of investment products in 2021, underpinned by a 37% YoY growth of bond trading volume in the secondary market, an entrenchment of the Bank’s leading position of bond underwriter and structured product underwriter, and the highest value of bond trading for three consecutive years.
“Wealth Management must be pain-free and accessible for all. Therefore, we have integrated our platform into SET’s FundConnext Open Architecture, which enables customers to apply and manage mutual funds via branches nationwide or mobile banking. The Bank also collaborates with 12 Asset Management Companies to offer diversity of investment choices to our wealth customers. This year, our customers can also subscribe bonds via application with a minimum subscription amount of THB 1,000. The new investors are thus able to start investment with a small amount. Moreover, the Bank has further improved myPreferred application which enables customers to smoothly contact Wealth Relationship Manager. Amid dynamic changes in the digital era, CIMB Thai Bank endeavors to adapt ourselves in tandem to enhance customers’ experiences in bond trading, including our ability to provide custodian service.”, said Mr. Tan Keat Jin.
