Malaysia based universal bank CIMB Group has launched its expanded investment banking operations in Hong Kong, following the acquisition and consolidation of RBS’ investment banking businesses into its business establishment in the region.
Commenting on the extension, CIMB Group chief executive Datuk Sri Nazir Razak said, "We now have the full complement of investment bankers and equities personnel to be competitive in Hong Kong as well as to anchor our entire North Asia operations."
The Hong Kong investment banking team, which comprises 192 members, will be headed by Matthew Kirkby, CEO of Hong Kong and co-head of investment banking.
The newly floated operations will deliver investment banking advisory services, equity and capital market fund raising abilities, broking services and research in the region.
Headquartered in Kuala Lumpur, and with over 43,000 employees, CIMB Group trades in nine out of the 10 ASEAN nations, with exposure to 99% of the region’s population and has a presence in 18 countries.