KUALA LUMPUR: CIMB Investment Bank (CIMB) cemented its dominance in the investment banking arena with its recent win at The Asset magazine’s annual “Triple A Awards 2009” which was held in Hong Kong recently.
CONGRATULATIONS: Wong (left) receives the awards from Yu at the Triple A Awards 2009 ceremony in Hong Kong recently.
In the Triple A Regional Awards category, CIMB was awarded the “Best Equity Deal/Best IPO” for its role as joint global coordinator and joint bookrunner for the Maxis Communications’ US$3.3 billion initial public offering (IPO).
CIMB in a press statement yesterday noted that the Investment Bank also walked away with the “Best IPO” in Indonesia award, for its joint lead underwriter and bookrunner role in PT Bank Tabungan Negara Persero’s IDR1.89 trillion IPO.
Additionally, the magazine also named CIMB as Best Domestic Investment Bank and Best Equity House in Malaysia.
CIMB Group’s Corporate and Investment Banking deputy chief executive officer Datuk Charon Wardini Mokhzani said, “The awards recognise our leadership position stemming from regional reach.
“We thank our clients for their support and we are committed to continuously create value enhancing and innovative solutions to meet their needs in the region.
“The awards underline our reach in Malaysia and Indonesia and we are also pleased with our achievements in Thailand (where we rank third on the ECM League Table) and in Singapore,” he said.
Meanwhile, Charon also dedicated the awards to the staff at CIMB, stating: “We thank our team at CIMB for their commitment to the company and our clients.”
Commenting on CIMB’s sweep of the awards, The Asset’s editor Daniel Yu said, “CIMB is the only investment bank in Asia that has won The Asset Triple A Best Investment Bank award more times than any bank foreign or domestic.
“CIMB’s success, winning The Asset Triple A Best Domestic Investment Bank, for the ninth year and The Asset Triple A Best Equity House, for the seventh year, reflects its strong commitment to Malaysia’s capital markets, a management team that understands its clients intimately, and an infrastructure that is able to execute deals with distinction,” said Yu.
Yu further elaborated that in 2009, CIMB maintained its dominant position despite the highly competitive marketplace participating in six of the top ten deals in equity capital market and was involved in some of the largest and most important bond deals in the country.
The Asset is a reputable finance publication for Asian corporates and global investors active in the region, providing analysis and insights into how Asia’s leading companies raise and manage their capital.
Present to receive the awards on behalf of CIMB at the awards dinner was CIMB Securities (HK) Ltd’s country head and chief executive officer Timothy C Wong.