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 chief executive officer, Datuk John Chong said South Korea’s deep and diverse stock exchange is the 6th 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, particularly for mobile communications and televisions. 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.
Chong said Maybank Kim Eng currently has the largest equities franchise in Asean and the 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.
The Maybank Kim Eng group of companies comprises businesses stretching around the globe with offices in Malaysia, Singapore, Hong Kong, Thailand, Indonesia, Philippines, India, Vietnam, Saudi Arabia, Great Britain and the United States of America.
Maybank Kim Eng has been in Asia for more than 40 years and provides services in corporate finance, debt markets, equity capital markets, derivatives, retail and institutional securities broking and research.