RM 200,000 and above in deposits and investments

Whats another level above premier? or is there any?

in malaysian market, currently hsbc premier is the flagship relationship one can have with hsbc. in some markets, they have hsbc private bank and we used to have this in malaysia. however, it was closed last year due to restrictions imposed on product offering by bank negara. anyway, hsbc private bank caters to a whole different market altogether. not the mass affluent clients like hsbc premier definitely.

to be a customer of hsbc private bank one must have USD 1 million in investable assets and they do NOT offer consumer retail banking like checking account, savings account, FD etc. they offer investment wealth management services primarily dealing with stocks and bonds with active or discretionary portfolios. sort of swiss bank la.

so to answer your question, in malaysia, there is nothing higher than hsbc premier. so those with 9 figure deposits are still considered under hsbc premier customers.

well, for anything above that, i'd strongly recommend you to go for swiss bank or other investment bank.

i doubt you need a 1mil saving accounts, instead you should be focused in wealth management by then. of course, they can do savings for you as well.

swiss bank also give you privacy, numbered account etc.

ubs, credit suisse or investment bank goldman sachs / macquerie .. these are the top guns

i agree. anyway if you have anything less than USD 5mil youre just a small fry at these private banks!

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Added on December 22, 2007, 11:29 ami think those who are based in kl, penang, johore and penang should seriously consider abn amro's van gogh preferred banking. it is really different compared to others'

This post has been edited by mrcloud9: Dec 22 2007, 11:29 AM

hm, they are more towards investment, structured investment.

how different and criteria to qualify as preferred banking?

they are all similar actually. abn amro's is 300k min.

ehh...citigold just launched Citigold Global Access...wondering if its the same thing as HSBC premier??

different. theyve been actually offering this global access service for a long time but decided to relaunch its service in light of the warm response hsbc received from its globally linked hsbc premier services.

citigold global access allows u to walk in any branch worldwide to perhaps do emergency cash withdrawal and use its banking lounge abroad. but not so much about assistance to open citigold bank accounts abroad. you still have to fulfill the citigold criteria abroad whereas with hsbc premier they can open for you accounts abroad and accord you the hsbc premier status without having to fulfill the min criteria since youve fulfilled that in malaysia!

OOO!! thanks alot for the info...wow u r well versed

thanks

exactly no doubt of it, normally we will put most of it in investment preferably real estate. But 200K requirements seems a bit low. There are a lot of people of people have 200K cash on hand these days especially our money gets smaller everyday. 400K sounds a better fit.

Premier/priority Bank = No queue up/No waiting. but Priority banking they have only 1-2 RM to serve u and u have to wait for him/her finish wealth management explanation that other customers b4 they serve u.(if u are asking for wealth management). Just try to imaging there are 2-3 customers in front of u.

Waiting is not fun. every seconds is money.

i thought so too but surprisingly there are not that many people who could afford to park even 200k untouched in fd/investments. perhaps they have other priorities in life. in my case, i dont normally have to wait for my RM. will call her in advance and inform ill br dopping by to make some transactions and she will prepare all the neccessary docs etc. afterall, you only need to meet your RM to discuss wealth management issues etc. otherwise you could straight away proceed to the teller in the private banking lounge to perform your monetary transactions.

just went to checkout the maybank private banking in 1utama. not impressive. i prefer the bangsar baru private banking and plaza damansara private banking centres. as for hsbc, nothing beats the one in menara milenium damansara heights at the moment. rhb infinity banking also have very comfortable lounge for its clients at the headquarters in jalan tun razak. cimb club however do not have very spacious lounge for its customers. ive been to quite a few to do my banking, the nicest so far is the one in plaza damansara.

Agree, I have not visit hsbc DH branch b4, but I do heard from my friend's who work in hsbc said that. But my local Kepong branch sucks. They do not have a private room, it is like open urself to the public & they do not have premier customer parking. This is one of the few reasons that keeping my family & I to open an premier acc there.

i see, now that you know other premier centres have rooms maybe you can reconsider. afterall, you are allowed to use any premier centres at your whim and fancy.

am still waiting citigold open in sabah... haha

my cimb banker told me now cimb club has more than 22,000 customers. more than the 20,000 they expected when they launched the cimb club. not bad.

Citigold is WORLDWIDE. if you are Citigold member here, you are IN THE WHOLE WORLD

well, not surprising .. having more than 500khome loan with cimb is pre-qualified as cimb club member..

there are limitations though. hsbc premier is so far the only globally linked premium banking service in the world.