Citi launches brokerage business in Malaysia

Citi deepens its presence in Malaysia by offering clients direct access to equities trading on Bursa Malaysia.

The circle was completed for Citi’s Malaysia operations last week when the bank launched a new equities brokerage business under the name of Citigroup Global Markets Malaysia CGMM that will give its clients direct trading access on the domestic stock exchange.

“Equity broking was the one product we didn’t have in our product arsenal until now,” said Sanjeev Nanavati, chairman of CGMM and chief executive officer of Citibank Bhd. “This completes the circle and provides full capital markets coverage, he added.

At the official launch in Kuala Lumpur, Shirish Apte, chief executive officer for Citi Asia-Pacific, pointed out that Malaysia is a priority market for Citi in the region. “This investment underlines our commitment...

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