Monday, 5 March 2012

CIMB Group expands stock broking biz into Sri Lanka

KUALA LUMPUR (March 5): CIMB Group Holdings Bhd is expanding its stock broking business into Sri Lanka via a strategic tie-up with John Keells Stock Brokers (Pvt) Ltd (JKSB).

CIMB said on Monday its unit CIMB Securities (Singapore) Pte Ltd had entered into the collaboration agreement with JKSB to facilitate CIMB Group’s stock broking there.

“JKSB will also supply CIMB Group with research which will be disseminated to CIMB’s clientele globally under a CIMB/JKSB co-branded banner,” it said.

JKSB is a founder member of the Colombo Stock Exchange and a subsidiary of John Keells Holdings PLC. It will be CIMB Group’s trade execution partner in Sri Lanka and support CIMB in its sales initiatives.

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