QUOTE(rstusa @ Oct 14 2007, 11:15 PM)
Oh, did you guys mean like HSBC Premier Account? Coz I know the hsbc premier need at least RM100K to maintain the acct and for the power vantage need RM75K to maintain also.
But i think is different with that, coz i heard my friend said private banking normally they got banker help you invest into high risk high return fund like hedge fund, american option, forex and futures. But our local malaysia bank i never saw the case like helping people trade this kind of investment even if you're a HSBC premier member, they just suggest you to trade a normal mutual fund like unit trust.
You guys can refer to this bank
http://www.sgprivasia.com/gb/SGPAW_Prod_OurAppr.html they seems different like our normal bank.
QUOTE(b00n @ Oct 14 2007, 10:35 PM)
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Private or priority banking is usually for the rich and famous (nah...just kidding).
Yeah,it's like explained by Jordy and acbc. It's basically for the niche market.
You have to have a certain amount of investment or deposit with the bank to qualify for the status.
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With this status, usually the bank would treat you more friendlier and attend to your request more efficiently.
Check out the bank's website to find out more on how much one needs to commit and also what's the benefits.
You can either deposit a large amount of cash as FD or you could use the investment facilities/plans that they offered.
For Citibank if I'm not wrong is RM500k to be their CitiGold Members.
I.e. This RM500k can be FD or you could opt to invest in funds managed by them. They would help you risk profile and advice accordingly.
This post has been edited by b00n: Oct 14 2007, 11:24 PM 
Oct 14 2007, 10:35 PM
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