Malaysia's Maybank launches Islamic wealth management hub in Singapore

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SINGAPORE (Reuters): Malaysia's biggest lender by assets, Malayan Banking Bhd (Maybank), launched an Islamic wealth management regional offshore hub in Singapore on Monday.

"We have chosen Singapore as our offshore hub for our Islamic wealth management given the position of Singapore as a wealth management player not just in the region but also globally," John Chong, Maybank's Group CEO of Community Financial Services, said at the launch.