Ranked #3 of 12 · Corporate & bond trustee

CIMB Commerce Trustee Berhad & CIMB Islamic Trustee Berhad

Issuers and fund managers needing an established bank-backed trustee for bonds, sukuk, REITs and unit trusts, with both conventional and Islamic capability.

Trustee Footprint Index

81/100
Regulatory breadth (25%)
90
Track record (20%)
95
Service breadth (20%)
100
Disclosed scale (15%)
35
Disclosure transparency (20%)
70

A reproducible score of public-record footprint and disclosure, not fees, quality or suitability. See the methodology. Disclosed scale is often self-reported.

CategoryCorporate & bond trustee
OwnershipCIMB Group (via CIMB Investment Bank / CIMB Group Holdings Berhad, listed on Bursa Malaysia)
EstablishedCIMB Islamic Trustee 1988; CIMB Commerce Trustee 1994
HeadquartersKuala Lumpur
LicensingRegistered trust companies under the Trust Companies Act 1949; registered trustees with the Securities Commission Malaysia for collective investment schemes and private debt securities/sukuk (CIMB Islamic Trustee: CMSP/T/005/2019). Labuan arm (CIMB Trust Limited) licensed by Labuan FSA.
ScaleNot disclosed. The trustee entities do not publish assets under trusteeship or the number of mandates. CIMB Group as a whole is one of ASEAN's largest banking groups, but that scale figure does not measure the trustee units specifically.
Best forIssuers and fund managers needing an established bank-backed trustee for bonds, sukuk, REITs and unit trusts, with both conventional and Islamic capability.

CIMB's trustee business runs through two Malaysian trust companies plus a Labuan arm, all sitting inside CIMB Trustee Services on the Securities Services platform of CIMB Investment Bank. CIMB Islamic Trustee Berhad (company no. 198801000556 / 167913-M) was incorporated on 19 January 1988 and registered under the Trust Companies Act 1949; it has acted as a unit trust trustee since 1990 and is the Shariah-compliant arm. CIMB Commerce Trustee Berhad (company no. 199401027349 / 0313031A) was incorporated on 25 August 1994, also under the Trust Companies Act 1949, and has been a fund trustee since 1996; it is the conventional-side entity. Both are registered offices at Level 13, Menara CIMB, Jalan Stesen Sentral 2, KL Sentral, Kuala Lumpur. A related offshore entity, CIMB Trust Limited, operates out of Labuan for offshore vehicles and cross-border structures.\n\nThe combined trustee platform describes itself as a full-service provider with onshore and offshore operations serving both corporate and private clients. In practice its work spans three areas stated in CIMB Commerce Trustee's own registered business description: trustee to unit trust funds, public-debt financing issues (corporate bonds and sukuk), and private trusts and other corporate trusts. On the fund side the two entities act as trustee to unit trusts, wholesale funds, real estate investment trusts (REITs), private retirement schemes (PRS) and exchange-traded funds; their names appear in the constitutive documents of many Malaysian funds run by managers such as Kenanga, AIIMAN, Aberdeen and Manulife. On the capital markets side they serve as bond and sukuk trustee, security trustee and agent for conventional and Islamic private debt securities. CIMB Islamic Trustee is registered with the Securities Commission Malaysia (registration CMSP/T/005/2019) and both are qualified to act for collective investment schemes approved under the Capital Markets and Services Act 2007.\n\nThe entities are opaque as standalone businesses. They do not maintain a prominent independent website, publish no fee schedule, and disclose no assets under trusteeship, number of mandates or staff count. What can be verified comes from CIMB group materials, the funds and issuers that name them as trustee, the SC registered-trustee lists, and SSM/CTOS registry records. CIMB Group Holdings Berhad, the ultimate parent, is a Bursa Malaysia-listed banking group and one of the larger banking franchises in ASEAN, which gives the trustee units institutional backing and continuity. For estate planning or wasiat, individual clients are more likely to be routed to CIMB's wider wealth and private banking services than to engage these corporate-trustee entities directly.

Services

  • Bond and sukuk trustee for conventional and Islamic private debt securities (PDS)
  • Corporate trust and security trustee (facility agent, security agent roles)
  • Conventional fund trustee for unit trusts, wholesale funds and CIS (CIMB Commerce Trustee)
  • Islamic (Shariah-compliant) trustee services (CIMB Islamic Trustee)
  • REIT trustee, ETF trustee and Private Retirement Scheme (PRS) trustee
  • Escrow and custody services
  • Advisory and structuring services, creation of offshore vehicles
  • Private client and corporate trust administration

Strengths

  • Backed by CIMB Group, one of the largest banking groups in ASEAN, giving strong institutional standing and continuity
  • Both conventional (CIMB Commerce Trustee) and Shariah-compliant (CIMB Islamic Trustee) trustee capability under one platform
  • Long operating track record: CIMB Islamic Trustee active as unit trust trustee since 1990, CIMB Commerce Trustee since 1996
  • Sits within CIMB's Securities Services platform, so trustee, custody, escrow and offshore (Labuan) services are integrated
  • Widely used as trustee across Malaysian unit trusts, REITs, PRS and bond/sukuk issues, so its name appears in many fund and PDS documents

Watch-outs

  • Institutional focus: geared to fund managers, issuers and corporates rather than individual estate-planning or wasiat clients
  • Very little standalone public disclosure; the trustee entities have no prominent independent website and publish no fee schedule or scale figures
  • Being part of a large banking group can mean less personalised service than a boutique trustee for private clients
  • Fees and minimums for private or corporate trust engagements are not published and are quoted case by case

Official website: https://www.cimb.com

Sources

Not affiliated, not advice. Compiled from public sources for information. Trust companies change their fees, services and ownership. Confirm current terms and licensing directly with CIMB Commerce Trustee Berhad & CIMB Islamic Trustee Berhad before appointing any trustee, and take independent legal advice.

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