SINGAPORE - Maybank Kim Eng will collaborate with Korean brokerage Daishin Securities to expand its equities footprint in Asia and provide its clients with access to the South Korean stock market. Chief executive officer John Chong said South Korea was the leader in consumer electronics innovation and a key player in automotive industry, and Korean Stock Exchange is home to many of these companies. "As Asean's investment bank, we not only bring investments into Asean, we are also constantly seeking out investment ideas and opportunities for our Asean clients within and beyond the region," he said. "Together with our partnerships with Taiwan's Cathay Securities, Japan's Mizuho Securities, as well as our presence in Hong Kong, we now have a comprehensive coverage of the key capital markets in Asia. We will continue to pursue this strategy of forming non-equity based alliances with strong partners to expand into new pertinent markets." Maybank Kim Eng is the fully-owned investment banking arm of Maybank, one of Asia's leading banking groups and South-east Asia's fourth largest bank by assets. The Maybank Kim Eng group of companies comprises businesses stretching around the globe with offices in Malaysia, Singapore, Hong Kong, Thailand, Indonesia, Philippines, India, Vietnam, Saudi Arabia, Great Britain and the United States of America. Maybank Kim Eng has been in Asia for more than 40 years and provides services in corporate finance, debt markets, equity capital markets, derivatives, retail and institutional securities broking and research.
Maybank Kim Eng will partner with brokerage firm Daishin Securities to "expand its equities footprint" in the South Korean market. The company said it plans to open a branch office in Seoul by next year. CEO John Chong said the company had "comprehensive coverage of the key capital markets".