Kuala Lumpur: Citadel Trustee Bhd, through its private wealth planning trust Citadel Dynasty Trust (CDT), expects to achieve its asset under management (AUM) target of RM10 billion within five years of the trust’s launch. Citadel Group director Fred Chan Kim Kooi stated that the company plans to attract clients from global markets and senior citizens in Malaysia as part of its growth strategy.

According to BERNAMA News Agency, Chan emphasized targeting senior living homes and clients from Indonesia, Singapore, Hong Kong, and other countries with inheritance tax laws who are looking to invest their wealth in Malaysia. This approach was shared during the launch event of CDT.

The trust offers a one-time setup fee of RM40,000, eliminating annual service charges to attract more settlors. Chan mentioned that although there is no fixed minimum trust capital, a preferred benchmark is RM1 million. Additionally, a Shariah-compliant version of CDT is expected to launch within two to three months, pending approval from a Shariah advisor.

In a statement, Citadel explained that CDT facilitates rapid access to funds during critical times while allowing settlors full control over their wealth transfer plans. Beneficiaries can receive funds within three working days, which is significantly faster than typical probate timelines, providing timely financial support when it matters most.