Friday 29 Mar 2024
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KUALA LUMPUR: Credit Suisse has been named Best Foreign Investment Bank and M&A (mergers and acquisitions) House in Malaysia for 2014 by The Asset magazine.

In a statement, Credit Suisse said it won the best foreign investment bank accolade for the fourth consecutive year under The Asset’s Triple A Country Awards.

Credit Suisse said this marked a continuation of its excellent track record in Malaysia.

“This award complements Credit Suisse’s philosophy in cultivating long-term relationships with Malaysian corporates as well as complementing and not competing with the domestic investment banking partners.

“We thrive to strengthen the bank’s reputation as the “first call” foreign investment bank of choice in Malaysia,” said Edwin Low, Credit Suisse’s co-head of Southeast Asia investment banking.

According to Credit Suisse, during the period under review, it executed a number of landmark transactions involving M&A and equity issuances in Malaysia.

In M&A, Credit Suisse had advised Affin Holdings Bhd’s US$410 million (RM1.43 billion) acquisition of the investment banking, asset management and futures business of Hwang-DBS (Malaysia) Bhd.

Credit Suisse is also currently advising RHB Capital Bhd on the proposed RHB-CIMB Group Holdings Bhd-Malaysia Building Society Bhd merger.

Credit Suisse’s head of Malaysia coverage in investment banking, Jefferi Hashim, said the group emphasised the creation of a capable team to further grow its business here.

“We put strong emphasis on investing in a high calibre local team and hope to continue this commitment to the Malaysian franchise given this success and support from our clients and local partners,” said Jefferi.

 

This article first appeared in The Edge Financial Daily, on December 3, 2014.

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