Maybank Kim Eng, Mizuho collaborate to expand brokerage coverage in Asia

KUCHING: Maybank Kim Eng, the brokerage arm of Malayan Banking Bhd (Maybank) and Japan’s Mizuho Securities Co, Ltd (Mizuho Securities) have entered into an agreement to expand their regional collaboration in the equity brokerage business for the Asian markets.

Under the agreement, Mizuho Securities and its overseas subsidiaries will be able to offer Maybank Kim Eng’s research reports and corporate access services to Mizuho’s institutional clients in Japan.

Maybank Kim Eng chief executive officer (CEO) Datuk John Chong said, “We are pleased to collaborate with Mizuho Securities Group to extend our Asean offerings and connect the region’s rich opportunities to investors in Japan.

“This partnership is a testament of Maybank Kim Eng’s strength in Asean, our deep understanding of the region and access to its vast potential,” he said.

Chong believed the partnership will complement the business of both groups and harbours potential to build new business opportunities and further collaboration in various areas.

With the partnership, Mizuho Securities will channel orders placed by the Japanese firm’s clients to Maybank Kim Eng Group, who is known for its strong execution capabilities and access to Southeast Asia markets.

Maybank Kim Eng noted that Asean is one of the fastest growing regions in the world and the partnership will benefit Mizuho’s institutional clients in Japan as they will gain from Maybank Kim Eng’s deep and wide knowledge of the region, as well as access to the investment opportunities in the Asean markets.

Maybank Kim Eng said the group will be able to leverage on Mizuho Securities’ strong franchise in the Japanese domestic market for growth.