KUALA LUMPUR: Maybank Investment Bank (Maybank IB), the investment banking arm of Maybank, is setting aside RM1 million to assist deserving entrepreneurs in taking their businesses to the next level under a new initiative launched yesterday.
The fund comes from a percentage of brokerage fees that May-
bank IB receives from clients, said its managing director and regional head for equities Ami Moris at the launch of the Trade & Give campaign, here, yesterday
The initiative is part of Bursa Malaysia Bhd’s Bursa Marketplace, a new retail investor platform to provide comprehensive, accurate and timely market data.
“Trade & Give provides an
average of RM20,000 funding to each recipient as well as mentorship on different aspects of running a business, such as marketing, financial planning and harnessing technology,” Moris told a press conference.
She said the programme is open to Amanah Ikhtiar Malaysia (AIM) members through a collaboration with Maybank IB.
There are currently 347,000 registered AIM members, who are also known as Sahabat AIM.
Maybank IB aims to help 20
Sahabat AIMs by the end of the
year.
So far, six members have been selected to be the pioneers of the programme.
Ami said the candidates would be meticulously screened based on a set criteria, including type of business, scalability, prospects, drive and values.
“This initiative is aimed at creating and providing a fund for wealth creation to enhance the lives of the under-served and deserving entrepreneurs,” she said.