Bank trusts are essential players in the wealth management space. Acting as fiduciaries, these institutions support families, individuals, and organizations with estate planning, asset protection, and long-term wealth preservation strategies.
For investment managers, identifying the right bank trust relationships (especially across international markets) can be complex. These firms often operate behind the scenes, with limited public visibility. Dakota Marketplace helps simplify the search by offering verified data, allocator context, and direct contact information, all in one place.
In this article, we are giving you a list of the top 10 bank trusts in Malaysia. To see the full list, you can view it in Dakota Marketplace.
1. Maybank
AUM: $216.91B
Metro: Kuala Lumpur
Maybank, a Bank based in Kuala Lumpur, manages assets worth $216.91B. The organization offers various platform solutions within wealth management, including Privilege, Premier, and Private, along with Islamic wealth management solutions. Maybank Private caters to high net worth clients with over $1m in assets, providing an open architecture platform. Additionally, Maybank runs an asset management arm overseeing more than 300 strategies, specializing in Asian strategies.
Maybank operates globally with over 2,000 branches, primarily in the ASEAN region, and extends its services throughout Asia, the Middle East, the UK, and North America. The company's Private arm emphasizes an open architecture platform, while its asset management division focuses on Asian strategies. Maybank's significant AUM of $216.91B underscores its prominent position in the banking and financial services sector, serving a wide range of clients across various regions.
2. CIMB Group
AUM: $154.83B
Metro: Kuala Lumpur
CIMB Group is a Bank operating in Kuala Lumpur. The organization, one of the largest banking groups in Malaysia and Asia, manages total assets exceeding $150B. CIMB Private Banking, its wealth management division, offers tailored investment solutions encompassing equities, fixed income, and alternatives.
CIMB Group reports an AUM of $154.83B. Its private banking arm specializes in customizing investment strategies across various asset classes to meet the diverse needs of its clientele. With a strong presence in the ASEAN region, CIMB Group continues to provide comprehensive financial services to its customers.
3. Bank Islam Malaysia Berhad
AUM: $94B
Metro: Kuala Lumpur
Bank Islam Malaysia Berhad operates as a Bank, with its headquarters located at Level 32, Menara Bank Islam No. 22, Jalan Perak, Kuala Lumpur. The institution adheres to Islamic banking principles, providing a range of financial solutions to individuals, businesses, and communities. Bank Islam emphasizes financial growth and sustainability, integrating ethical considerations into its operations.
The bank reports total AUM of 94 billion. Its activities are aligned with Shariah guidelines, focusing on initiatives that support local communities and socioeconomic development. Bank Islam aims to foster integrity and responsibility in its practices while contributing to the development of the Islamic financial industry in Malaysia.
4. Alliance Bank Malaysia Berhad
AUM: $77B
Metro: Kuala Lumpur
Alliance Bank Malaysia Berhad operates as a Bank, headquartered at 3rd Floor, Menara Multi-Purpose, Capital Square, 8 Jalan Munshi Abdullah, Kuala Lumpur. The institution provides a comprehensive range of banking and financial services through its consumer banking, SME banking, corporate and commercial banking, and Islamic banking divisions. The bank emphasizes its mission of "Building Alliances to Improve Lives," focusing on customer relationships and community engagement initiatives.
The bank reports total assets under management (AUM) of approximately $77 billion. Its offerings include personal and business banking, loans, and investment solutions, tailored to meet diverse customer needs. Alliance Bank Malaysia Berhad maintains a commitment to employee engagement and inclusion, alongside its dedication to environmental responsibility and financial literacy.
5. Hong Leong Bank Berhad
AUM: $67.19B
Metro: Kuala Lumpur
Hong Leong Bank Berhad operates as a Bank and is headquartered at Level 18, Menara Hong Leong, No 6, Jalan Damanlela, Bukit Damansara, Kuala Lumpur. The institution is a regional financial services company with a presence in multiple countries including Singapore, Hong Kong, Vietnam, Cambodia, and China. It emphasizes technology and the development of financial capabilities to better serve its clients across these regions.
Hong Leong Bank Berhad reports total assets under management (AUM) of approximately $67.19 billion. The bank is listed on Bursa Malaysia and is part of the Hong Leong Group, reflecting a strong heritage of Malaysian entrepreneurship.
6. MBSB Bank Berhad
AUM: $66B
Metro: Kuala Lumpur
MBSB Bank Berhad operates as a Bank and is located at Menara MBSB Bank, PJ Sentral, Lot 12, Persiaran Barat, Seksyen 52, Petaling Jaya, SGR. The bank provides Shariah-compliant banking services to retail, SME, and corporate clients, functioning under a license from Bank Negara Malaysia in accordance with the Islamic Financial Services Act 2013. It offers a range of financing products and digital banking services accessible through its branch network and online platforms, including mobile banking and a virtual branch, and operates within the Kuala Lumpur metro area.
The bank reports total AUM of approximately $66 billion. Its Investment Account operates under the Shariah concept of Mudarabah, where customer funds are invested in the bank’s Personal Financing-i portfolio. Returns, if generated, are distributed at maturity based on a predetermined Profit Sharing Ratio (PSR). This account is not insured by Perbadanan Insurans Deposit Malaysia.
7. Bank Simpanan Nasional
AUM: $60B
Metro: Kuala Lumpur
Bank Simpanan Nasional operates as a Bank and is headquartered at 117 Jalan Ampang, Wisma BSN, Kuala Lumpur. This institution is recognized as Malaysia’s first and longest-running bank, dedicated to promoting savings and investment habits among Malaysians. The bank's primary objective is to encourage the development of savings and investment across diverse demographics, ensuring that every Malaysian has the opportunity for a better life.
Bank Simpanan Nasional manages an AUM of RM60 billion. The bank continues to expand its offerings to meet the evolving needs of modern life, providing a comprehensive range of products and services designed to foster financial well-being among its clientele.
8. Bank Rakyat Malaysia
AUM: $26.47B
Metro: Kuala Lumpur
Bank Rakyat Malaysia operates as a Bank with a significant presence in the Kuala Lumpur metro area. Established on September 28, 1954, the bank functions as an Islamic cooperative bank, adhering to a Syariah-based banking system since 2003. As of the end of 2023, Bank Rakyat reported total assets of RM117.33 billion and achieved a pre-tax and pre-zakat profit of RM1.76 billion for the financial year. The bank offers a range of services including consumer banking, commercial financing, savings and investment products, and financial planning.
Bank Rakyat manages an AUM of RM26.47 billion. The bank is committed to integrating Environmental, Social, and Governance (ESG) considerations into its operations, aligning its resources with sustainable development goals. With a network of 148 branches, over 986 ATMs, and 131 Ar-Rahnu X'Change outlets, it actively supports cooperative sector initiatives under the Ministry of Entrepreneur Development and Cooperatives (KUSKOP).
9. Credit Investment Bank
AUM: $4B
Metro: Kuala Lumpur
Credit Investment Bank operates as a Bank, providing a range of financial services including investment banking, capital markets solutions, and financial advisory services. The firm is located at Unit Level 9(A) 2, Main Office Tower, Financial Park Labuan, Jalan Merdeka, Labuan, and is associated with the Kuala Lumpur metro area. CIB is regulated by the Labuan Financial Services Authority and serves corporations, financial institutions, sovereign entities, and individual clients globally.
The bank manages an AUM of $4 billion, focusing on tailored financial solutions that encompass capital raising, merger and acquisition advisory, and long-term debt and equity financing. CIB also provides investment opportunities through CIB Fund 1, allowing investors to access a diverse range of asset classes including equities, bonds, and commodities, thereby enhancing investment potential without necessitating direct expertise.
10. Kenanga Investment Bank
AUM: $1.8B
Metro: Kuala Lumpur
Kenanga Investment Bank is a Bank headquartered at Level 17, Kenanga Tower, 237, Jalan Tun Razak, Kuala Lumpur. With over 50 years of experience, the bank specializes in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending, and trade financing. It has expanded into digital financial services, offering platforms such as Rakuten Trade and Kenanga Digital Investing, and engaging in AI-led algorithmic trading and digital asset investments.
Kenanga Investment Bank manages an AUM of $1.8B and provides a range of investment services, including Kenanga Unit Trust Funds, Kenanga Cash Management Solutions, and Kenanga Wholesale Funds. The bank offers Non-Discretionary and Discretionary Mandates for portfolio management, Institutional Advisory Services, and Actively Managed Portfolio Services. Additionally, Kenanga actively participates in sustainability and corporate social responsibility initiatives, receiving recognition for its efforts in environmental sustainability and being a participant in the United Nations Global Compact.
To view more bank trusts in Malaysia or other countries, book a demo of Dakota Marketplace.
