Money Matters

How Ronnie Lim, the Managing Director and Country Head of Personal Financial Services for United Overseas Bank (Malaysia) Bhd, Is Making Good on a Promise He Made to Himself Many Years Ago.

Reserved, passionate, committed and driven are some of the words that friends and colleagues would use to describe Ronnie Lim, the managing director and country head of Personal Financial Services at United Overseas Bank Malaysia Bhd (UOB Malaysia). Ronnie, a veteran banker with 30 years of experience under his belt, has spent the last few years at UOB Malaysia helping build up its wealth management business to meet the demands of Malaysia’s burgeoning affluent population. In meeting their demands, Ronnie and his team aim to raise the standard of wealth advisory, with UOB Malaysia leading the way.

“Malaysia’s high-net-worth (HNW) wealth is projected to grow by 31.9 per cent to reach US$210.6 billion (RM888.7 billion) by 2020. As the wealth of customers increases, we can expect the complexity of managing their assets and financial objectives to increase too. As such, understanding a HNW customer’s needs at various stages of their lives and being able to give them tailored advice that goes beyond portfolio management and wealth accumulation are essential,” Ronnie said.