RETAIL INVESTMENT | Cesar Tordesillas, Korea

Malaysia's CIMB eyes IB operations In Seoul, Taipei, and Mumbai

CIMB will get licences for investment banking in Seoul, Taipei and Mumbai within three months.

This will complement its current investment banking presence in 13 countries.

"CIMB has always gone contrary. We have expanded particularly in investment banking at the time other banks are shrinking theirs," said group chief executive, Datuk Seri Nazir Razak.

Razak explained that group feels it is the right time to take the opportunity of the slowdown in global markets to expand its investment banking platform.

CIMB currently has investment banking presence in Malaysia, Indonesia, Singapore, Thailand, Brunei, Vietnam, Bahrain, Sri Lanka, London, New York, Australia, China and the latest, Hong Kong.

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