CIMB takes Asian expansion to India

Devesh Kumar will lead a 60-strong team offering investment banking, equities brokerage and research.
<div style="text-align: left;">
Nazir Razak: India is an essential market for any major investment bank
</div>
<div style="text-align: left;"> Nazir Razak: India is an essential market for any major investment bank </div>

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 comprises all major Asia-Pacific markets except Taiwan, said Nazir Razak, CIMB’s group chief executive, in a statement released yesterday. “India is a mega economy and an essential market for any major investment bank.”

...
¬ 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