Maybank Kim Eng’s Hong Kong office has obtained a corporate finance license, setting in motion a growth strategy to expand in Hong Kong and gain entry into Greater China.
The license, issued by the Securities and Futures Commission of Hong Kong (SFC), allows Maybank Kim Eng’s Hong Kong office to offer corporate finance advisory services such as initial public offerings, advisory, merger and acquisitions and corporate restructuring.
Tengku Dato’ Zafrul Tengku Aziz, Group Chief Executive, Maybank Kim Eng: “The license will open doors for us to penetrate into Greater China. This region is important to us, and to harness its growth potential, we are working towards increasing the size and scale of our business in Hong Kong. This will enable us to further capitalise on the markets’ rising opportunities."
The license will help Maybank Kim Eng play an integral part in supporting Maybank Group's objective to have its international operations contribute 40% of its pre-tax profits by 2015.
The Hong Kong office was established in 1988 and subsequently launched futures trading in 1995. It began to provide equities research to institutional clients in the 1990s. In 2010, it opened its first branch in Wan Chai and has since developed its retail business franchise.
Angela Yau, Chief Executive Officer of Kim Eng Securities Hong Kong: “We are excited by the growth prospects. Prior to this, we only had a full broker license in Hong Kong. Now we are more equipped to serve our clients with a greater breadth of products and services in areas like M&A, equity and equity linked securities and leveraged finance."
"I believe that with our dynamic and able team, we will be able to realise Maybank Kim Eng’s aspiration to be a Regional Financial Powerhouse by 2015."