,Malaysia

Malaysia's CIMB expects AUM to hit RM7-B next year

Munirah Khairuddin, acting CEO of CIMB Wealth Advisors, expects robust subscription of all its products.

This will help push its asset under management to hit RM7 billion by the end of 2013.

It is currently at RM6.1 billion.

"We also aim to grow our business by 40 percent and increase our agency force to 7,000 consultants, from the current 5,000, by the end of 2013," she said.

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On back of a modest increase in US interest rates.
As Asian hedge funds outperformed peers.
Santa is on his sleigh and the elves won't be back until Jan 6.