CIMB extends operations in Hong Kong
(29 November 2012 – Hong Kong) Following the completion of CIMB Group’s acquisition of the Royal Bank of Scotland’s investment banking business in Hong Kong and the integration into CIMB’s existing investment banking franchise, the Group has launched extended operations in Hong Kong.
"We now have the full complement of investment bankers and equities personnel to be competitive in Hong Kong as well as to anchor our entire North Asia operations," said Dato’ Sri Nazir Razak, CIMB Group chief executive.
"I am optimistic about our prospects because the new combined team has a strong onshore track record in Hong Kong and the differentiating proposition of a huge ASEAN based network. Our model is all about intermediating within Asia for Asia, and we have a unique platform for doing that.'
Chief executive for Hong Kong and co-head of Investment Banking for CIMB, Matthew Kirkby will lead the 192-strong team in Hong Kong.
The team will provide investment banking advisory services, equity and capital market fund raising abilities, broking services and research.
Kirkby has over 15 years of investment banking experience in Europe and Asia, and was the Head of Global Banking Asia Pacific, overseeing the Royal Bank of Scotland’s (RBS) corporate and investment banking business in Asia Pacific, including debt capital market, equities capital market and corporate finance.
"There is significant potential in Hong Kong, as it is one of the world’s top financial centres and the gateway to China. CIMB has a unique understanding of Asia and in ASEAN in particular, and we think clients will appreciate the synergies and strengths of the Group’s investment and universal banking platform across the region," said Kirkby.
Hong Kong and Australia will be CIMB Group’s two largest ex-ASEAN markets. Upon the full completion of the Group’s acquisition of RBS’ Asia Pacific investment banking business, anticipated in late 2012, the Group will have operations in a total of 18 countries.
"I am optimistic about our prospects because the new combined team has a strong onshore track record in Hong Kong and the differentiating proposition of a huge ASEAN based network. Our model is all about intermediating within Asia for Asia, and we have a unique platform for doing that.'
Chief executive for Hong Kong and co-head of Investment Banking for CIMB, Matthew Kirkby will lead the 192-strong team in Hong Kong.
The team will provide investment banking advisory services, equity and capital market fund raising abilities, broking services and research.
Kirkby has over 15 years of investment banking experience in Europe and Asia, and was the Head of Global Banking Asia Pacific, overseeing the Royal Bank of Scotland’s (RBS) corporate and investment banking business in Asia Pacific, including debt capital market, equities capital market and corporate finance.
"There is significant potential in Hong Kong, as it is one of the world’s top financial centres and the gateway to China. CIMB has a unique understanding of Asia and in ASEAN in particular, and we think clients will appreciate the synergies and strengths of the Group’s investment and universal banking platform across the region," said Kirkby.
Hong Kong and Australia will be CIMB Group’s two largest ex-ASEAN markets. Upon the full completion of the Group’s acquisition of RBS’ Asia Pacific investment banking business, anticipated in late 2012, the Group will have operations in a total of 18 countries.
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