CIMB Securities Sdn Bhd targets high single digit growth in market share by year-end by offering a complete suite of innovative solutions with integrated stockbroking and equities services, and creating value for its institutional and corporate
clients through its ‘one bank approach’.
During a launch event Deputy Finance Minister Datuk Seri Amir Hamzah said, “Malaysia still holds a sweet spot among the regional capital markets as we are seeing increased investors’ confidence in view of the robust fiscal reforms implemented by the Government. This is backed by the country’s strong fundamentals and commitment to implement the MADANI economic reform agenda, which in turn is reinvigorating Malaysia’s economy. Therefore, it is an opportune moment for institutional stakeholders to take on a catalytic role in supporting the growth of the capital markets driving the
country’s economy forward.”
The size of Malaysia’s public equity market stands at RM2 trillion, making it one of the most vital areas of the economy. As a key player in the market, CIMB Securities is committed to work with partners to sustain, develop and improve Malaysia’s capital markets. Over the years, it has pioneered many “market mover” ideas to create more sustainable companies to compete globally.
Following the acquisition of KAF Equities on 8th February 2024, CIMB Securities is already making good headway where in its first two months, it has intermediated RM6.3 billion of block trades, which includes ANZ’s RM2.1 billion sell-down of AmBank, the largest equity block trade in Malaysia since 2017.
Novan Amirudin, Co-CEO, Group Wholesale Banking of CIMB Group said, “CIMB Securities’ entry to the market strengthens the Group’s ecosystem, enabling us to complete our comprehensive Wholesale Banking value proposition to better serve our clients through our ‘one bank’ approach. We are pleased to act as the main gateway and premier agency in facilitating inflow and outflow trades within the Malaysian capital markets. Adopting a structured and phased approach, we have a clear roadmap for the future where we will first focus
on the wholesale market, and later to focus on the retail and wealth segment.
The acquisition of KAF Equities via CIMB Investment Bank was completed on 8 February 2024, following the divestment of CIMB’s residual stake in its stockbroking joint venture (“CGS-CIMB JV”) with CGS International Holdings Limited (formerly known as China Galaxy International Financial Holdings Limited) (“CGI”) in December 2023.
