Kuala Lumpur, 26 July 2016 – Maybank Investment Bank Berhad (“Maybank IB”) has been named Malaysia’s Best Investment Bank by Euromoney Awards for Excellence, for the second consecutive year.
The award was given in recognition of Maybank IB’s strong performance during the period under review. Explaining the rationale for the award, Euromoney said that “Maybank has made an almighty transition since its acquisition of Kim Eng in 2011, turning from a largely domestic investment bank to one that operates in 10 countries.” It said that Maybank IB is a “serious presence across ASEAN now, and it has become so thanks to the foundation of a domestic business that goes from strength to strength.”
Euromoney commended Maybank IB for being on all five of the largest Malaysian Equity Capital Market (ECM) deals, led by the Malakoff IPO – the biggest in ASEAN during the time period and
handled three of the five biggest placements. On the Debt Capital Market (DCM) side, Maybank IB was on seven of the biggest ringgit bonds and sukuks in Malaysia and has been building up particular strength in sukuk. Among the notable deals completed were the Jimah East Power’s MYR8.98 billion Sukuk Murabahah and Sime Darby’s MYR3.0 billion Perpetual Subordinated Sukuk Programme as well as Indonesian deals for XL Axiata and Garuda.
Commenting on the win, Dato’ John Chong Chief Executive Officer of Maybank IB said, “It is truly an honour to be named Malaysia’s Best Investment Bank for two years consecutively. We attribute this award to our clients who have continuously supported us, as well as to our team in Maybank Investment Bank whose hard work and dedication are the reasons for our success.”
The regional investment bank was also recently ranked as Malaysia’s Best Domestic Equity House by the Asiamoney & Global Capital Best Domestic Bank Awards 2016, and Best ECM House in Malaysia by FinanceAsia Country Awards for Achievements 2016.
For the 2016 Euromoney Awards for Excellence, Euromoney’s editorial team conducted more than 200 on-the-record interviews in the region and received 214 submissions in Asia in deciding these awards, among the most keenly contested yet.