KUALA LUMPUR (Jan 10): CIMB Securities, the international equities business of CIMB Group has been ranked No. 1 on the Singapore Exchange by market share.
CIMB Securities chief executive officer Carol Fong said that over the years, the company had built very strong and balanced equity distribution channels covering both retail and institutional customers for the major ASEAN markets that it operated in.
“In 2012, our stellar performance was aided by CIMB’s lead roles in numerous successful Initial Public Offerings, including IHH Healthcare Berhad and Religare Health Trust.
“We are heartened that these concerted efforts have made it possible for CIMB Securities to become Singapore’s No. 1 today,” she said in a statement Thursday.
Fong said CIMB Securities had also been consistently recognised as a top ASEAN broker; being on top of the leaderboard in Kuala Lumpur, and sealing the No. 3 spot in Jakarta, in 2012.
Following the completion of the acquisition of RBS’ Asia Pacific (ex-Japan) cash equities and investment banking business in 2012, CIMB Group now has operations in a total of 18 countries, seats in nine exchanges and partnerships in three others, including a new onshore presence in Australia as well as substantially enlarged operations in Hong Kong and China, with Taiwan, India and Korea expected to complete in Q1 2013.
The Group is further backed by its equities sales teams in London and New York.
CIMB’s research arm now covers over 1,150 stocks of Asia Pacific based companies and is one of the most comprehensive research coverage platforms in the industry.
CIMB Securities also received the Top ASEAN SGX-ST Member 2012 Award at the SGX Broker Appreciation and Awards Night held on 8 January in Singapore. Magnus Bocker, CEO of SGX, presented the award to CIMB Securities and four other SGX-ST members.
Fong explained that this award recognised the strong contribution of these members to the growth of SGX’s Securities market in 2012.
This latest honour further augments CIMB’s winning achievements, including clinching a top spot in the recent 2012 StarMine Analyst Awards for Australia and New Zealand, and also being recognised by StarMine as one of the top 5 brokers in Asia, as well as the broker with the most award winning analysts based on accuracy of calls and accuracy of estimates in Singapore. At the Asiamoney Poll 2012, Malaysia took the No. 1 spot, with Indonesia, Thailand and Singapore well within its top ten ranking.
On receiving the Top ASEAN SGX-ST Member 2012 Award, Fong said winning the award was a clear testament and recognition of not only CIMB Securities’ current leadership in the investment banking sector but also its forward potential as a key player in Asean and beyond.
“Looking ahead, we will continue to leverage on our unparalleled reach in Asia Pacific to defend our leadership position as the No. 1 broker in Singapore and further establish ourselves as the leading investment banking franchise in region.
“Investments into the right resources and technology will also be key to the success of our securities business. To this end, we intend to launch our new Internet trading platform with enhanced capabilities in February 2013.
Fong said CIMB Securities also expects to be the first broker to establish “co-location” facilities at SGX; reducing the physical latency and enabling our retail investors to access market data and execute orders more swiftly addressing increasing demand for expeditious and effective market access.
“For our institutional clients, we will be rolling out a new electronic trading platform with direct market access and algorithmic capabilities,” Fong said.