Maybank to boost investment banking business

Maybank Group has unveiled a new corporate identity for Kim Eng and announced a new management line-up.

This is meant to prepare for its target of becoming the investment banking service provider in Asean by 2015.

This followed the completion of the S$1.79 billion acquisition of the securities and investment broking group earlier this year.

Maybank said Kim Eng would be known as Maybank Kim Eng and would adopt the tiger symbol as its new corporate identity and embrace the yellow colour of the group.

"It would also retain its corporate name for now in Singapore, Hong Kong, India and Indonesia, reflecting only the new symbol and colour, pending further regulatory approvals," it said.

Maybank has named Tengku Datuk Zafrul Tengku Aziz, CEO of Maybank Kim Seng to oversee its global activities
in 11 countries.He si the current chief executive officer of Maybank Investment Bank. 

It has named Ronald Ooi executive advisor of Maybank Kim Seng and Tan Pei-San as head of international business to oversee the operations in Philippines, Hong Kong, Vietnam, India, UK and US.

"Our strengthened position and significant footprint across the region, together with the talent and expertise of the new team will lead the expansion of our business," said Maybank president/chief executive officer, Datuk Seri Abdul Wahid Omar. "We will be able to complete aggressively and play a leading role in the regional capital
markets," he added.

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Tags: investment banking, service eprovider