Maybank Private Singapore is addressing client aspirations and ambitions through accessible and intuitive financial facilities and solutions.
Maybank Private aims to grow and establish its presence across London, the Middle East and Asia by offering clients a full suite of Islamic wealth management solutions.
In an increasingly interconnected financial landscape, Maybank Private Singapore is striving to differentiate itself from the competition and bring greater value to clients through its unique expertise, connections and opportunities.
The Malaysia-headquartered bank has a physical presence in all 10 Southeast Asian (Asean) countries. In 2013, Maybank established its private banking platform, Maybank Private, to complete its overall wealth management proposition. Ever since, Maybank Private has strategically expanded its business footprint globally.
With three onshore booking centres firmly established in Singapore, Malaysia and Hong Kong, the bank offers high-net-worth (HNW) clients across the region direct access to regional and global investment opportunities. It acts as a one-stop centre within Maybank Group to service the individual and business banking needs of HNW clients.
A strong presence in Southeast Asia allows Maybank Private to facilitate cross-border lending solutions in a seamless way. In addition, clients can benefit from investing anywhere within the region by pledging assets in their home country to invest in opportunities found in another.
ISLAMIC BANKING
Maybank continues its leadership in the Islamic private banking space, following the launch of Maybank Islamic Private and the rollout of several sharia-compliant products. These include the General Investment Account (GIA-i) – providing the potential to earn higher returns with indicative profit rates, Islamic Dual Currency Investments – short-term investments that offer higher returns and Islamic Auto-Callable Structured Products. In the near future, the bank aims to introduce several other solutions including its Islamic Legacy Planning solutions.
The total financial assets of Maybank Islamic Private Wealth reached RM5.5bn as of July 2023, with 2.5 per cent year-to-date growth since December 2022. Maybank Private aims to grow and establish its presence across London, the Middle East and Asia by offering clients a full suite of Islamic wealth management solutions.
FOCUS ON SUSTAINABILITY
With sustainability at the core of its operations, the bank aims to achieve long-term financial success and contribute to a more sustainable and equitable future for both its stakeholders and the wider global community. To achieve this, it has integrated environmental, social and governance (ESG) criteria into its direct lending, investments, services and advisory solutions.
At the same time, Maybank Private is also scaling up existing green, social and sustainability (GSS) bonds/sukuk, project financing for green projects, ESG thematic funds, GSS loans, sustainability-linked trade products, sustainable supply chain financing platforms, sustainability-linked derivatives and structured products, as well as providing new green solutions via the community financial services and insurance sectors.
Maybank Private Singapore has been recognised as the winner of the Outstanding Private Bank in Southeast Asia award at the PBI Global Wealth Awards 2023.