CIMB continues its Asian expansion with the start of an investment banking and brokerage business in India, after winning a licence from the local securities regulator.
The Malaysian bank opened brokerage and corporate advisory in Korea three weeks ago and its regional business now includes every Asean market except Laos and the Philippines, plus Australia, China, Hong Kong and Sri Lanka.
“We are delighted to add India to our footprint, which now comprises all major Asia-Pacific markets except Taiwan, said Nazir Razak, CIMB’s group chief executive, in a statement released yesterday. “India is a mega economy and an essential market for any major investment bank.”
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