As
Malaysia’s CIMB Group embarks upon a journey it hopes to finish as a major
regional investment bank, Deal Journal is taking a look at its track record to
size up its chances.
In 2011, CIMB ranked a not-too-shabby 18th in
investment-banking revenue in Asia excluding Japan, according to Dealogic data,
at $132 million. That put it one slot ahead of another Southeast Asian
champion, Singapore’s DBS Group Holdings Ltd. The rest of the top 20 was
dominated by the usual big Western names, as well as Chinese players.
Needless to say, CIMB has a near-stranglehold
on investment banking in Malaysia, but in October 2010 it also made a mark on
the regional scene in as one of 11 bookrunners on AIA Group’s $21 billion
initial public offering in Hong Kong.
In Southeast Asia, CIMB–whose CEO, Nazir
Razak, is the brother of Malaysian Prime Minister Najib Razak–is firmly the top
investment bank in revenue, with a leading 9.3% market share last year. DBS was
fourth, two spaces ahead of CIMB rival Maybank Investment Bank Bhd., part of
Malayan Banking Bhd.
Maybank too has been working to bolster its
regional credentials, working on a number of IPOs in Indonesia and
Thailand—including PT Indofood CBP’s listing in Jakarta in 2010, which raised
$692 million. It further expanded its footprint in the region when it acquired
Singapore brokerage firm Kim Eng Holdings Ltd. for $1.4 billion last year.
Isabella Steger
WJS
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Consulting, Investment and Management, focusing three main economic sectors: International PR; Healthcare & Wellness;and Tourism & Hospitality. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programs. Sign up with twitter to get news updates with @SaigonBusinessC. Thanks.
No comments:
Post a Comment