Malaysia-based CIMB Group’s investment banking business recorded its best ever performance in 2012. It was able to sign some notable deals and capture significant market shares, despite the tough competition in the industry. It benefited from its stronger investment banking activity in the Southeast Asian region. CIMB Securities, the international equities business of the CIMB Group, was ranked first on the Singapore Exchange (by market share) and received the Top ASEAN SGX-ST Member 2012 Award.
CIMB led three of the top 10 initial public offerings (IPOs) in the world in 2012 as well as five of the top 10 IPOs from Asia Pacific. In Malaysia, which was the world’s fifth largest IPO market in 2012 in terms of funds raised, CIMB topped Dealogic’s IPO and ECM league tables, as well as Bloomberg’s debt capital market league table. CIMB has also been consistently recognised as a top ASEAN broker.
The banking group also widened its footprint in 2012 by buying most of the Royal Bank of Scotland’s (RBS) investment banking businesses in Asia Pacific for S$312 million. Following the acquisition, CIMB has become the largest investment bank in the region.
