Renamed Maybank Kim Eng to grow in Asia

As it unveiled a new corporate identity, the renamed May Bank Kim Eng has outlined big investment banking ambitions in Asia.

It wants to become the premier investment bank in South-east Asia, to grab bigger deals in conventional and Islamic finance.

Tengku Dato Zafrul Tengku Aziz, the new chief executive of May Bank Kim Eng, said that the investment bank will look to add 10 per cent to its headcount each year until 2015, launch new derivative products and also grow its assets under management to $20 billion from over $2 billion currently.

It currently employs 3,000 staff, he added.