CIMB takes Asian expansion to India

Devesh Kumar will lead a 60-strong team offering investment banking, equities brokerage and research.

CIMB takes Asian expansion to India
Nazir Razak: India is an essential market for any major investment bank

CIMB continues its Asian expansion with the start of an investment banking and brokerage business in India, after winning a licence from the local securities regulator.

The Malaysian bank opened brokerage and corporate advisory in Korea three weeks ago and its regional business now includes every Asean market except Laos and the Philippines, plus Australia, China, Hong Kong and Sri Lanka.

“We are delighted to add India to our footprint, which now...

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