Allianz & OSK Trustees - Clever Teamworking

Allianz Malaysia Bhd and OSK Trustees Bhd have teamed up to provide more comprehensive services for clients, especially private trusts to protect their wealth
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"While we provide a value-added service to our customers, OSK Trustees Bhd will also be able to reach out to a larger spectrum of clients," Allianz Life Insurance chief executive officer Jen Reisch said on Wednesday.

OSK Trustees director Woo Lai Mei said less than 10% of Malaysians had set up private trusts to protect their wealth.

It was reported that RM42bil of assets that were tied up as no wills were written to enable smooth succession.

She said OSK Trustees would provide training for Allianz's insurance agents to make clients more aware of this growing need.