Monday, September 27, 2010

Maybank Investment expects 50pct overseas contribution in next 5 yrs

KUALA LUMPUR: Maybank Investment Bank Bhd, which has set its sights on expanding into the Singapore, Indonesia and Hong Kong markets, expects to see a 50 per cent overseas contribution in the next five years, says chief executive officer Tengku Datuk Zafrul Tengku Aziz.

It plans to start operations in Singapore, Indonesia and Hong Kong by June next year to support its clients in going regional.

For Indonesia, it may acquire a stockbroking firm, while applying a license to operate in Singapore, Zarful told reporters here on Monday, Sept 7.

"After successfully penetrating these markets, we will expand to other countries where Maybank is currently operating," he added. - Bernama


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