CIMB holds pole position on SGX in 2012
11 January 2013
News, Asia, Malaysia, Singapore
By Asia Asset Management
CIMB Securities, the international equities business of CIMB Group, has grown from strength to strength since the acquisition of GK Goh Securities – for the first time, CIMB Securities is ranked number one on the Singapore Exchange by market share.
Carol Fong, CEO of CIMB Securities, said: “Over the years, we have successfully built very strong and balanced equity distribution channels covering both retail and institutional customers for the major ASEAN markets that we operate in. In 2012, our stellar performance was aided by CIMB’s lead roles in numerous successful initial public offerings (IPOs), including IHH Healthcare Berhad and Religare Health Trust. We are heartened that these concerted efforts have made it possible for CIMB Securities to become Singapore’s number one today.”
Following the completion of the acquisition of RBS’ Asia Pacific (ex-Japan) cash equities and investment banking business in 2012, CIMB Group now has operations in a total of 18 countries, seats in nine exchanges and partnerships in three others, including a new onshore presence in Australia as well as substantially enlarged operations in Hong Kong and China, with Taiwan, India and Korea expected to complete in Q1 2013. In addition, the group is further backed by its equities sales teams in London and New York. CIMB’s research arm now covers over 1,150 stocks of Asia Pacific based companies.
“Looking ahead, we will continue to leverage on our unparalleled reach in Asia Pacific to defend our leadership position as the number one broker in Singapore and further establish ourselves as the leading investment banking franchise in the region. Investments into the right resources and technology will also be key to the success of our securities business. To this end, we intend to launch our new Internet trading platform with enhanced capabilities in February 2013. We also expect to be the first broker to establish “co-location” facilities at SGX; reducing the physical latency and enabling our retail investors to access market data and execute orders more swiftly addressing increasing demand for expeditious and effective market access. For our institutional clients, we will be rolling out a new electronic trading platform with direct market access and algorithmic capabilities,” Ms. Fong added.
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