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KUALA LUMPUR, Aug 8 (Bernama) -- Singapore's Maybank Securities Pte Ltd and BOB Capital Markets (BOBCAPS) have entered into an agreement to strengthen their Indian offering to clients in ASEAN and the rest of the world.
According to a joint statement issued today, Maybank Securities, part of Maybank Investment Banking Group (Maybank IBG), expects to unlock more ASEAN plus global capital flows into India through this collaboration.
Maybank IBG chief executive officer Datuk Ami Moris said India is now the world’s fifth largest stock exchange, with a total market capitalisation of over US$3 trillion (US$1=RM4.45).
She noted that since the start of the pandemic, the Nifty 50 benchmark index has risen 41 per cent, and is a consistent outperformer versus other emerging markets.
“The investment case for India remains sound, and is supported by strong economic growth," said Ami.
She said over the recent years, Maybank IBG has successfully constructed a significant strategic partnership portfolio in Asia Pacific, and its alliance with BOBCAPS finally adds India -- a critical target market -- to its comprehensive product offering.
BOBCAPS joint managing director, Sanjiv Saraff said the alliance offers great opportunities for investment banking companies in India to leverage Maybank’s existing global clientele to improve its distribution reach.
The move also enables Maybank to enhance its product coverage to global institutional clients, while allowing BOBCAPS to expand its reach outside India.
The collaboration also encompasses research, corporate access and roadshows to boost interest in India equity products.
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