Maybank Cambodia has unveiled a new premier wealth service that provides personalized and comprehensive financial solutions for affluent customers in the country.

Dubbed as Maybank Premier Wealth, the new service will provide relationship managers to assist customers with their banking needs.

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The service will allow Maybank Premier Wealth customers to perform their banking transactions in the privacy and comfort of the Maybank Premier Wealth Lounge in Cambodia, Malaysia, Singapore and Indonesia.

The customers will also be offered preferential rates and charges, exclusive privileges for selected Maybank banking services as well as other financial and non-financial products or services ranging from insurance and health services to airport lounge facilities.

Additionally, Maybank has expanded its presence in Cambodia by opening its 18th branch in Boeng Keng Kang Ti Muoy in Phnom Penh.

The new branch in Cambodia includes the first Premier Wealth Lounge and will be supported by 13 employees, headed by the branch manager and head of premier wealth.

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The branch has been designed to deliver a range of banking services including deposits and placements, trade finance, loans, remittances, mortgages and Global ATM to cater the financial and banking needs of customers.

Maybank CEO International Pollie Sim said: "Through this proposition, we aim to provide Maybank Premier Wealth customers of Cambodia with personalized and comprehensive financial solutions based on our multitude of regional and local insights to suit customers’ unique needs, as well as preferential treatment in service, perks and rewards.

"In view of the positive economic outlook and growing affluent segment in Cambodia, Maybank is targeting to boost its growth in total investable assets of this affluent segment to more than US$200m for the first five years," added Sim.