Monday, August 26, 2013

Maybank IB eyes Cambodia, Laos capital markets

By Ng Bei Shan

Maybank IB eyes Cambodia, Laos capital markets

KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) plans to leverage on its parent, Malayan Banking group's presence in Cambodia, Laos to penetrate their capital markets there.
Maybank IB chief executive officer Tengku Datuk Zafrul Abdul Aziz said on Monday he was looking at organic growth for the investment banking business in the two countries.

Speaking to reporters after the launch of Maybank IB's fifth branch at Mutiara Damansara, he said: "We are still doing preliminary studies on these two markets. As they are frontier markets, we are definitely growing organically."

Maybank 12 branches in Cambodia and one branch in Laos.

Tengku Zafrul also launched its Powerbroking and M2U Mobile Apps on the Android platform.
Equities regional head managing director Ami Moris expected 25% to 30% revenue growth from its online and mobile contributions.

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