CIMB offers first global discretionary platform to provide diversification for high-net worth individuals

PETALING JAYA: CIMB Private Banking has appointed UOB Asset Management (Malaysia) (UOBAM), who is in partnership with BNY Mellon Managed Investments, to introduce Malaysia's first global Separately Managed Accounts (SMA) to high-net worth individuals.
SMA provides investors access to investment strategies from leading global asset managers. Its discretionary portfolio platform offers investors the opportunity to invest in global stocks through a multi-currency strategy.
In a statement yesterday, CIMB said through SMA, investors have the opportunity to create a well-diversified portfolio through a wide exposure of global and developed economies.
"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," head of CIMB Private Banking, Malaysia Carolyn Leng said.
Investors have the opportunity to choose and access leading global, regional and thematic strategies within a single platform such as Global Equity managed by Capital, Japan Equity Active managed by BNY Mellon Japan, US Large Cap Growth managed by The Boston Company and Pan European Equity Alpha Strategies managed by Lazard Asset Management.