Maybank IB, Mizuho forge strategic alliance

 

MAYBANK Investment Bank Bhd and Japan's Mizuho Securities Co Ltd have formed a strategic alliance to further develop markets in Malaysia, Japan and other regions.

In a joint statement issued yesterday, both parties concluded their memorandum of understanding to work together in areas such as primary and secondary markets, merger and acquisition advisory, and Islamic markets.

They will also be able to make use of each other's mutual expertise, experience and global networks.

The agreement was signed between Maybank Investment chief executive officer Mohammed Rashdan and Mizuho Securities president Keisuke Yokoo.

Mizuho Securities is a global investment bank backed by a nationwide client base in Japan and full-service securities business network.

Both parties expect this new opportunity, alongside greater coordination with parent companies Maybank and Mizuho Corporate Bank, to further strengthen their mutual businesses and provide their customers with a wider range of top-quality services.

"Our successful partnership will form the ideal platform to further develop businesses in the Asian region and spearhead a foray into new markets to complement the growing global aspirations of our parent companies," Maybank IB and Mizuho said in the statement.

The tie-up provides optimal synergies for both parent company groups in terms of profiling and revenue potential, they added.