KUALA LUMPUR: Trust company Virtue Trustee Bhd (VTB) aims to grow its assets under management (AUM) to RM500 million by 2026, up from the RM100 million it currently manages, driven by confidence in Malaysia’s economic trajectory and its strategic partnerships across government and private institutions.
Chairman Datuk Mazlan Ahmad said the company is highly optimistic about Malaysia’s growth prospects, believing the country is on track to becoming a leading economy and that VTB intends to be a committed partner in the nation’s wealth-governance journey.
“So while our official target is RM200 million, as chairman I would like to see RM500 million in AUM next year. And I believe we can achieve that. We are not working alone. We are working through strategic partnerships not in silos but together with government and private institutions. With this smart-partnership model, RM500 million is very achievable,” he told reporters at the official launch of VTB today.
VTB provides a suite of trustee, Islamic, and fiduciary services to support both individual and corporate clients, covering estate administration, family trusts, hibah (Islamic lifetime gift) trusts, and corporate trusteeship.
Mazlan said these services ensure that assets are managed responsibly, preserved across generations and distributed in accordance with the owner’s wishes.
“Many people assume trusts are only for the super-rich. In reality, a trust is simply a legal structure that separates ownership from control, managed professionally. A family trust is an accessible wealth management tool for the general public, which can be initiated with fully-owned assets starting from tens of thousands of ringgit,” he stated.
CEO Ahmad Durani Razad Khan said a key focus of VTB’s offerings is its syariah-compliant wealth management solutions.
“We provide Islamic private trusts based on hibah and wasiat principles, as well as takaful-linked trusts to ensure that payouts are managed responsibly for the long-term benefit of beneficiaries.”
Ahmad Durani said VTB also seeks to address longstanding gaps in financial literacy and structured wealth planning among Malaysians, including SMEs, professionals and first-generation entrepreneurs.
“Many families lack access to reliable information on protecting wealth or planning for succession. Our role is to guide them with the right structures to reduce vulnerability, prevent disputes and promote long-term financial security,:” he said.
At the launch, VTB formalised strategic partnerships with Masryef Advisory Sdn Bhd, Capital Investment Bank (Labuan) Ltd, VCorp Holdings Sdn Bhd, Prestige Elite Sdn Bhd and Bayfront Law LLC (Singapore). These partnerships form the foundation of an integrated trust ecosystem designed to enhance service quality, regulatory compliance and client support.
“By partnering with advisory firms, investment banks and legal specialists, we are building a robust ecosystem that ensures clients receive end-to-end, seamless support,” Ahmad Durani said.
Looking ahead, VTB plans to expand its digital advisory tools, broaden its corporate trusteeship capabilities and strengthen its role in Malaysia’s wealth-governance landscape as demand for structured, secure and Syariah-aligned estate planning continues to grow.
