Maybank Kim Eng and Cathay Securities ink alliance

The partnership will expand Maybank Kim Eng’s and Cathay Securities’ equity brokerage footprints and provide their clients access to new markets.

Cathay Securities will be able to tap on Maybank Kim Eng’s strong network across ASEAN, namely Malaysia, Singapore, Indonesia, Philippines, Thailand and Vietnam, meanwhile Maybank Kim Eng will be leveraging Cathay Securities’ presence in Taiwan.

Speaking at the signing ceremony held in the Le Meridien Taipei, Maybank Kim Eng CEO John Chong said, “We are truly honoured to be collaborating with Cathay Securities; this synergistic partnership will further strengthen Maybank Kim Eng’s equity franchise by widening our reach and allowing us to offer our global clients access into key equity markets in Asia Pacific.”

“As ASEAN’s biggest equity franchise, Maybank Kim Eng is in a strong position to catalyse investment flows into ASEAN at a time when Taiwan investors are looking for ASEAN growth opportunities. Our clients, especially our ASEAN based clients, will also benefit from the good investment opportunities in the Taiwan market,” he added.

Chairman of Cathay Securities Corporation Stanley Chu said, “We are very excited about this collaboration as it will give Cathay Securities a link to ASEAN and more importantly, to six new markets. I also expect both companies to be able to learn from each other’s business experience and continue to deepen business linkages, from institutional brokerage to shares underwriting and international securities business.”

The initial collaboration will include Maybank Kim Eng's sales and research team marketing TWSE-listed securities to Maybank Kim Eng’s clients and vice versa, and sharing research resources on securities and futures.

John Chong added, “This partnership holds tremendous potential and opens up huge opportunities for both Maybank Kim Eng and Cathay Securities. We will be exploring more avenues to deepen and widen our collaboration with Cathay Securities.”

According to Cathay Financial Holdings’ president Chang-Ken Lee, the rise of ASEAN economies have created tremendous business opportunities in the Southeast Asian markets, in which Cathay Financial Holdings has strategically developed its business and branches to establish a cross-broader financial service platform connecting Greater China and Southeast Asia.

“We believe this partnership does not only reinforce the institutional brokerage and international securities business for both companies, it holds a greater potential which will continue to impact the companies’ outlook positively. Cathay Securities and Maybank Kim Eng have a very good fit; we share common goals and will work together towards a common interest for mutual benefits,” he emphasised.

Maybank Kim Eng is the fully-owned investment banking arm of Maybank, one of Asia’s leading banking groups and South East Asia’s fourth largest bank by assets.

Maybank Kim Eng has been in Asia for more than 40 years and provides services in corporate finance, debt markets, equity capital markets, derivatives, retail and institutional securities broking and research.

Cathay Securities Corporation is a member of Cathay Financial Holdings, the biggest financial holding company in Taiwan with about $200 billion in total assets.

Its businesses cover brokerage, underwriting, proprietary trading, and issuance of financial derivatives.