Chan (right) during the press conference after the signing ceremony between RHB Investment Bank and Espirito Santo Investment Bank. Also present is chief executive officer of Espirito Santo Investment Bank, Jose ‘Maria Ricciardi (left). — Bernama photo
KUALA LUMPUR: RHB Investment Bank Bhd (RHBIB) is spreading its wings into the European market via a partnership signed yesterday with a leading European investment bank, Espirito Santo Investment Bank (ESIB).
Chief executive officer/managing director Mike Chan said RHBIB’s footprint is very much focused on Southeast Asia and with the partnership, the company hopes to further tap the global market.
“A lot of our retail clients are mature enough to venture overseas.
“When we look at recent transactions, a lot of the Malaysian clients, such as Sime Darby, have actually gone to London and they also raised capital to invest in assets in London.
“With ESIB, we could establish a working relationship in dealing with some of these transactions,” he told a press conference after the partnership signing ceremony here.
Under the partnership, both banks will leverage on their combined expertise and strong knowledge of
global and local markets to provide high quality expertise and services to their clients.
ESIB will undertake to distribute RHBIB’s Asean equity research and investment banking products into Europe.
It will also include distribution of RHBIB’s Singapore, Indonesia, Thailand and Hong Kong research in North America.
RHBIB will in turn distribute ESIB’s European and Indian equity research to Southeast Asian investors. — Bernama