CIMB Securities tops S'pore Exchange

CIMB Securities, the international equities business of CIMB Group, was ranked No. 1 on the Singapore Exchange by market share last year.

In a statement today, CIMB Securities said the business has grown from strength to strength since the acquisition of GK Goh Securities.

Its chief executive officer, Carol Fong, said the company has successfully 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 Bhd 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.

Upon 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 18 countries.