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.
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