Trust Companies in Malaysia, Ranked
A directory of the main trust companies (trustees) operating in Malaysia, ranked by the Trustee Footprint Index, our transparent and reproducible score built from what each company puts on the public record: regulatory breadth, track record, service breadth, disclosed scale and disclosure transparency. Trustees are opaque by nature, so the index measures footprint and disclosure, not fees or suitability. See the methodology for exactly how it is calculated. For what a trust is, how to set one up, fees and Islamic versus conventional structures, see the Trust Guide, and for wills and inheritance see the Wills & Estate Guide.
12 of 12 companies
| # | Trust company | Index | Category | Best for |
|---|---|---|---|---|
| 1 | AmTrustee Berhad (now MTrustee Berhad)Formerly AmBank group (AMMB Holdings, 80%); since 2016 owned by the Rockwills International Berhad group | 87 | Corporate & bond trustee | Corporate issuers and fund managers needing a bond, sukuk, unit trust or REIT trustee; retail estate-planning clients are served through the parent Rockwills brand. |
| 2 | Amanah Raya Berhad (AmanahRaya Trustees)Government of Malaysia (Minister of Finance Incorporated) | 84 | Estate planning | Malaysians who want the government-backed default trustee for estate administration, wasiat and will custody, and fund managers needing an SC-approved unit trust or bond trustee. |
| 3 | CIMB Commerce Trustee Berhad & CIMB Islamic Trustee BerhadCIMB Group (via CIMB Investment Bank / CIMB Group Holdings Berhad, listed on Bursa Malaysia) | 81 | Corporate & bond trustee | Issuers and fund managers needing an established bank-backed trustee for bonds, sukuk, REITs and unit trusts, with both conventional and Islamic capability. |
| 4 | Pacific Trustees BerhadIndependent (privately held, Cheah family associated) | 81 | Corporate & bond trustee | Corporations needing an independent bond, sukuk, REIT or fund trustee, plus private clients wanting trusts, wills and PTC structures under one group. |
| 5 | Malaysian Trustees BerhadRHB Banking Group (RHB Bank Berhad and RHB Investment Bank Berhad, with RHB nominee companies and OSK Futures and Options as registered shareholders) | 73 | Corporate & bond trustee | Corporations and issuers needing an established, bank-backed trustee for conventional bond or Islamic sukuk issuance in Malaysia. |
| 6 | Universal Trustee (Malaysia) BerhadNot disclosed (privately held; historic bank shareholders not publicly verifiable) | 71 | Corporate & bond trustee | Issuers and fund managers needing a long-established, independent bond/sukuk and unit trust trustee, plus fintechs needing e-money trust accounts |
| 7 | RHB Trustees BerhadRHB Banking Group (RHB Bank Berhad) | 71 | Corporate & bond trustee | Issuers and fund managers wanting a bank-backed trustee for bonds, sukuk, REITs and collective investment schemes, plus retail clients who want trust and estate services under one banking group. |
| 8 | Maybank Trustees BerhadMaybank group (Malayan Banking Berhad) | 70 | Corporate & bond trustee | Issuers and institutional clients needing a large, bank-backed corporate bond/sukuk or fund trustee, plus retail estate planning under a familiar brand |
| 9 | Rockwills Trustee BerhadPart of the Rockwills group; described on group sites as a member of the Rockwills International Group and an associate company of Rockwills Corporation Sdn. Bhd. (co-founded by Saw Leong Aun; current CEO Azhar Iskandar Hew). Ultimate shareholding is not publicly disclosed. | 70 | Estate planning | Malaysians doing retail estate planning who want the will-writing and the corporate executor/trustee under one roof |
| 10 | Deutsche Trustees Malaysia BerhadDeutsche Bank group (Germany), via Deutsche Bank Securities Services | 69 | Fund trustee | Fund managers (domestic and foreign) needing an institutional bank-backed trustee for unit trusts, wholesale funds, ETFs and PRS, including Shariah-compliant funds. |
| 11 | Labuan Trust Companies (Equity Trust/TMF, ZICO Trust, Noblehouse)Mixed: TMF Trust Labuan (global, CVC-owned TMF Group); ZI Labuan Trust (ZICO Holdings, SGX-listed); Noblehouse (independent, family-owned) | 66 | Offshore / Labuan | Non-Malaysian settlors and cross-border families wanting an offshore Malaysian trust for asset protection, succession, and tax planning rather than a domestic Malaysian estate plan |
| 12 | as-Salihin Trustee BerhadPrivately held (independent). Parent shareholding not publicly disclosed. | 58 | Islamic estate planning | Muslim individuals and families who want a Shariah-compliant wasiat, hibah, faraid distribution, or estate administration handled by a specialist trustee with a long track record. |
Estate planning
Amanah Raya Berhad (AmanahRaya Trustees)
84/100Malaysians who want the government-backed default trustee for estate administration, wasiat and will custody, and fund managers needing an SC-approved unit trust or bond trustee.
Government of Malaysia (Minister of Finance Incorporated) · Est. 1921 (as Department of Public Trustee and Official Administrator); corporatised as Amanah Raya Berhad in 1995 · Kuala Lumpur
Rockwills Trustee Berhad
70/100Malaysians doing retail estate planning who want the will-writing and the corporate executor/trustee under one roof
Part of the Rockwills group; described on group sites as a member of the Rockwills International Group and an associate company of Rockwills Corporation Sdn. Bhd. (co-founded by Saw Leong Aun; current CEO Azhar Iskandar Hew). Ultimate shareholding is not publicly disclosed. · Est. Rockwills group founded 1995; the trustee entity is stated on the group's own sites to have been incorporated in 2006 · Kuala Lumpur
Islamic estate planning
Corporate & bond trustee
AmTrustee Berhad (now MTrustee Berhad)
87/100Corporate issuers and fund managers needing a bond, sukuk, unit trust or REIT trustee; retail estate-planning clients are served through the parent Rockwills brand.
Formerly AmBank group (AMMB Holdings, 80%); since 2016 owned by the Rockwills International Berhad group · Est. 1987 (incorporated 28 July 1987; operations from March 1992) · Petaling Jaya, Selangor (formerly Bangunan AmBank Group, Kuala Lumpur)
CIMB Commerce Trustee Berhad & CIMB Islamic Trustee Berhad
81/100Issuers and fund managers needing an established bank-backed trustee for bonds, sukuk, REITs and unit trusts, with both conventional and Islamic capability.
CIMB Group (via CIMB Investment Bank / CIMB Group Holdings Berhad, listed on Bursa Malaysia) · Est. CIMB Islamic Trustee 1988; CIMB Commerce Trustee 1994 · Kuala Lumpur
Pacific Trustees Berhad
81/100Corporations needing an independent bond, sukuk, REIT or fund trustee, plus private clients wanting trusts, wills and PTC structures under one group.
Independent (privately held, Cheah family associated) · Est. 1994 · Kuala Lumpur
Malaysian Trustees Berhad
73/100Corporations and issuers needing an established, bank-backed trustee for conventional bond or Islamic sukuk issuance in Malaysia.
RHB Banking Group (RHB Bank Berhad and RHB Investment Bank Berhad, with RHB nominee companies and OSK Futures and Options as registered shareholders) · Est. 1975 · Kuala Lumpur
Universal Trustee (Malaysia) Berhad
71/100Issuers and fund managers needing a long-established, independent bond/sukuk and unit trust trustee, plus fintechs needing e-money trust accounts
Not disclosed (privately held; historic bank shareholders not publicly verifiable) · Est. 1974 · Kuala Lumpur
RHB Trustees Berhad
71/100Issuers and fund managers wanting a bank-backed trustee for bonds, sukuk, REITs and collective investment schemes, plus retail clients who want trust and estate services under one banking group.
RHB Banking Group (RHB Bank Berhad) · Est. 2002 · Kuala Lumpur
Maybank Trustees Berhad
70/100Issuers and institutional clients needing a large, bank-backed corporate bond/sukuk or fund trustee, plus retail estate planning under a familiar brand
Maybank group (Malayan Banking Berhad) · Est. 1963 · Kuala Lumpur
Fund trustee
Offshore / Labuan
How the Trustee Footprint Index is calculated
Each company gets a Trustee Footprint Index score from 0 to 100, built from five dimensions with fixed weights. Every sub-score is derived by rule from the public-record fields in each profile, so the ranking is reproducible: the same inputs always give the same score, and no company is hand-placed. The index grades footprint and disclosure, not fees, service quality or whether a company suits you. Read the individual profile before deciding.
| Dimension | Weight | What it measures |
|---|---|---|
| Regulatory breadth | 25% | Licences and regulators the company operates under (Trust Companies Act, SC registration, Labuan FSA, BNM, statutory footing, multi-jurisdiction). |
| Track record | 20% | Years in operation, capped at 40 years. A proxy for stability, not quality. |
| Service breadth | 20% | How wide the published service menu is, from bond trusteeship to estate planning. |
| Disclosed scale | 15% | Scale the company puts on the record (assets, issuers, funds). Often self-reported and not independently audited. |
| Disclosure transparency | 20% | How openly ownership, financials and figures are disclosed. Listed-group backing and named boards score higher; opaque private structures score lower. |
Limitations, stated plainly: disclosed scale is often self-reported by the company and not independently audited, so it is capped at 15% of the score. Longevity is a stability proxy, not a quality measure. A high score reflects a broad, well-disclosed institutional footprint, which is not the same as being the right or cheapest trustee for a private family trust. Data compiled from public sources in July 2026 and updated as disclosures change.
Frequently Asked Questions
What does a trust company (trustee) do in Malaysia?
A trust company holds and administers assets on behalf of others under a trust deed or a will. In practice that ranges from retail estate planning (holding a private family trust, executing a will, keeping custody of a wasiat) to corporate work (acting as bond or sukuk trustee for an issuance, or as the trustee of a unit trust fund). Trustees are licensed corporations, not the same as a lawyer or a will-writer.
How are trustees regulated in Malaysia?
Onshore trust companies are incorporated and regulated under the Trust Companies Act 1949 and the Companies Act. Those acting as bond or fund trustees are also registered with the Securities Commission. Offshore trust companies operate out of Labuan under the Labuan Financial Services Authority and the Labuan Trusts Act 1996. AmanahRaya has its own statutory footing as the successor to the public trustee.
Which trustee is best for estate planning?
It depends on your situation. Independent and estate-planning specialists such as Pacific Trustees, Rockwills Trustee and As-Salihin (for Islamic estate planning) focus on private clients, wills and family trusts. AmanahRaya is the large government-owned option. Bank-linked trustees such as Maybank Trustees and AmTrustee suit clients who want to keep everything within a banking group. Compare fees and service scope directly with each before deciding.
Is my money safe with a trust company?
Trust assets are held separately from the trustee company's own balance sheet, and licensed trustees are supervised. Risk comes mainly from fees, service quality and how well the trust is drafted, rather than the trustee going under. Always read the trust deed, understand the fee schedule, and check the company's licensing before committing. See our Trust Guide for the concepts and red flags.
Planning a trust or a will?
Start with the concepts, then pick a provider.