AI Summary
Citadel Trustee Berhad aims to achieve RM10 billion in assets under management (AUM) within five years for its new trust product, Citadel Dynasty Trust (CDT). CDT offers a transparent and cost-effective trust structure, ensuring quick access to funds in critical times while giving clients full control over wealth transfer. Unlike conventional trusts, CDT allows flexible payment options triggered by events like death, with beneficiaries receiving funds within three working days. A one-time fee of RM40,000 applies, with no annual trustee fees. Citadel Group Director, Fred Chan, calls CDT a game-changer for Malaysian families, offering a transparent, flexible, and legally compliant framework.
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