Maybank IB named Malaysia’s best investment bank for 4th year running
KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) has been named Malaysia’s best investment bank by Euromoney Awards for Excellence 2018, the fourth consecutive year it has won the accolade.
The award was given in recognition of Maybank IB’s strong performance during the period under review, said the bank.
Explaining the rationale, Euromoney said the investment bank “had gone from strength to strength as a regional firm that now stands in comparison with all international and regional peers in Asean investment banking and advisory”.
Euromoney noted that Maybank IB was the clear leader in investment banking in Malaysia.
Notable merger and acquisition (M&A) deals completed by the investment bank included SP Setia Bhd’s acquisition of I&P Group, a deal that also led to manager roles on a rights issue and primary placement.
Another significant undertaking was Sime Darby Bhd’s restructuring exercise, which had successfully transformed the conglomerate into three pureplay companies with separate listings of its plantation and property arms.
In the equity capital markets space, Maybank IB’s highlights included the initial public offerings of Eco World International Bhd in Malaysia, TPI Polene Power in Thailand and Sasseur REIT in Singapore.
Euromoney said Maybank IB had also topped the league tables in ringgit sukuk and conventional bonds.
The regional investment bank was also awarded Malaysia’s Best Debt Capital Markets House and Best Broker by FinanceAsia’s Country Awards for Achievement 2018.