CIMB opens brokerage business in Taiwan

CIMB completes integration of RBS assets after winning a brokerage licence in Taiwan.
CIMB CEO Nazir Razak
CIMB CEO Nazir Razak

More than 15 months after CIMB agreed to buy part of Royal Bank of Scotland’s investment banking and brokerage business in Asia-Pacific, all of the RBS assets have finally been put into operation under its new owner.

The reason it has taken so long is that RBS retained its brokerage licences in some markets, which meant that the Malaysian bank had to apply for its own. In March this year it started its brokerage and corporate finance business in South Korea after winning a licence there and in April it launched a full suite of brokerage and investment banking services in India.

On Friday last week,...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222