KUALA LUMPUR, 13 AUGUST, 2018 - Maybank Investment Bank Berhad (Maybank IB) has been named Malaysia’s Best Investment Bank by Euromoney Awards for Excellence 2018, making it the fourth consecutive year the firm has won the accolade.
The award was given in recognition of Maybank IB’s strong performance during the period under review. Explaining the rationale, Euromoney said that the investment bank “had gone from strength to strength as a regional firm that now stands in comparison with all international and regional peers in ASEAN investment banking and advisory”.
Euromoney noted that Maybank IB is the clear leader in investment banking in Malaysia. Notable Merger and Acquisition (M&A) deals completed by the investment bank included SP Setia Bhd’s acquisition of I&P Group, a deal that also led to manager roles on a rights issue and primary placement. Another significant undertaking was Sime Darby Bhd’s restructuring exercise, which had successfully transformed the conglomerate into three pure-play companies with separate listings of Sime’s plantation and property arms.
In the Equity Capital Markets (ECM) space, highlights include the initial public offerings (IPOs) of EcoWorld International Bhd in Malaysia, TPI Polene Power in Thailand and Sasseur REIT in Singapore. Euromoney noted that Maybank IB also topped the league tables in ringgit sukuk and conventional bonds.
The regional investment bank was also awarded Malaysia’s Best Debt Capital Markets (DCM) House and Best Broker by FinanceAsia’s Country Awards for Achievement 2018. It also won the Sukuk Adviser of the Year (Malaysia) award by The Asset Triple A Islamic Finance Awards 2018.
For the 2018 Euromoney Awards for Excellence, Euromoney’s editorial team received almost 1,500 submissions from banks in an awards programme that covers 20 global awards, more than 50 regional awards, and best bank awards in close to 100 countries.