KUALA LUMPUR: In commemoration of its 40th anniversary, Maybank Investment Bank Bhd (Maybank IB) launched its fifth branch at Mutiara Damansara, Petaling Jaya in Selangor on Monday.
The Mutiara Damansara branch adds to the existing four located in Kuala Lumpur, Ipoh, Klang and Seremban. Maybank IB now has a total customer touchpoints of 76 in Malaysia, comprising five investment banking branches, 11 equities investment centres and 60 kiosk-style touchpoints at Maybank branch premises.
In a statement, the company said the new branch at Mutiara Damansara will deliver a holistic suite of stockbroking products and services, including securities broking, margin financing, Islamic equities, exchange traded funds and structured warrants.
“The opening of this new branch is a demonstration of our commitment to deepen our presence and grow our market share in Malaysia.
“We have chosen to locate it right in the heart of Mutiara Damansara to cater to our fast growing retail business in the area and to accommodate our clients’ busy lifestyles by bringing our services closer to those who live, work and play around the vicinity,” said Maybank IB CEO Tengku Datuk Zafrul Abdul Aziz.
Maybank IB celebrates its 40 years with the launch of its Powerbroking and M2U mobile apps for Android-based devices.
Users of the new Android apps will be able to enjoy the full benefits of Powerbroking and M2U, such as accessing real time market data, analysing stock price trends via historical charting feature, managing their open or pending orders, viewing outstanding positions of their accounts and many more.
Maybank IB also launched its first-in-market “Trade and Waqf” promotion, which gives an opportunity for customers to raise funds for charity while trading in syariah-compliant shares H.O.T broking accounts.
“From now until October 31, 2013, Maybank Investment will contribute 5% from its gross brokerage income from clients who meet the minimum threshold of RM75 during the campaign period.
“The donations will be channelled to Perbadanan Wakaf Selangor in the form of cash Waqf to support charitable causes such as social welfare, education, healthcare, public amenities and shelter/lodging,” said Zafrul.
This article first appeared in The Edge Financial Daily, on August 28, 2013.