WEALTH MANAGEMENT | Tony Chua, Malaysia

Maybank Investment, Mizuho Securities ink deal

The two parties agree to join their expertise in exploring opportunities and providing excellent service.

Maybank Investment Bank Bhd (Maybank IB) and Mizuho Securities Co., Ltd. (MHSC) have signed a memorandum of understanding (MoU) to form a strategic alliance, to work together in areas such as primary and secondary markets, M&A advisory as well as Islamic markets.

The MoU would also leverage Maybank IB and MHSC's mutual expertise, experience and solid global networks to further develop markets in Malaysia, Japan and other regions, according to a report in Bernama.

The agreement was signed between the chief executive officer and director of Maybank IB, Mohammed Rashdan and MHSC president, Keisuke Yokoo.

Based on positive business growth from the existing strategic alliance between Maybank IB and MHSC, the tie-up provides optimal synergies for both parent company groups, in terms of profiling and revenue potential.

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