May­bank Kim Eng part­ners Daishin to ex­pand reach in Asia

The Sun (Malaysia) - - SUNBIZ -

KUALA LUMPUR: May­bank Kim Eng is col­lab­o­rat­ing with Daishin Se­cu­ri­ties, one of South Korea’s top tier bro­ker­age firms, to ex­pand its equities foot­print in Asia and to pro­vide its clients with ac­cess to the South Korean stock mar­ket.

May­bank Kim Eng group CEO Datuk John Chong said South Korea’s stock ex­change is the sixth largest in Asia and 11th largest in the world by mar­ket cap­i­tal­i­sa­tion as at end Novem­ber 2016.

“South Korea is a world leader in con­sumer elec­tronic prod­ucts in­no­va­tion. It is also a key global player in the au­to­mo­tive in­dus­try, and Korea Stock Ex­change is home to many of th­ese com­pa­nies. As Asean’s in­vest­ment bank, we not only bring in­vest­ments into Asean, we are also con­stantly seek­ing out in­vest­ment ideas and op­por­tu­ni­ties for our Asean clients within and be­yond the re­gion,” he said in a state­ment.

May­bank Kim Eng cur­rently has the largest equities fran­chise in Asean and this col­lab­o­ra­tion will widen its foot­print in North Asia.

“To­gether with our part­ner­ships with Tai­wan’s Cathay Se­cu­ri­ties, Ja­pan’s Mizuho Se­cu­ri­ties, as well as our pres­ence in Hong Kong, we now have a com­pre­hen­sive cov­er­age of the key cap­i­tal mar­kets in Asia. We will con­tinue to pur­sue this strat­egy of form­ing non-eq­uity based al­liances with strong part­ners to ex­pand into new per­ti­nent mar­kets.”

May­bank Kim Eng is the fully-owned in­vest­ment bank­ing arm of May­bank, one of Asia’s lead­ing bank­ing groups and South East Asia’s fourth largest bank by as­sets.

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