One of the major financial groups in Malaysia has vowed to boost standards of advice and wealth management with a recently-launched academy.

CIMB-Principal Asset Management, part of Malaysia-headquartered financial group CIMB, has set a target of working with at least 10,000 consultants as part of its recently-launched CWA Business Academy, a programme aimed at boosting financial planning skills and quality.

The academy is designed to offer what CIMB calls “a structured business development path to enterprising adults looking into deriving multiple income streams in the wealth management industry”.

“The Academy will soon expand its training capabilities to include other strategic collaborations such as CIMB Bank, third party bank partners and institutional financial advisors,”  Effendy Shahul Hamid, chief executive of group asset management and investments, said.

“Our hope is that the CWA Business Academy will grow in scale and this will be the beginning of CIMB-Principal’s maiden step to launch more academies in the ASEAN region, in the near future,” he said.

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