MUMBAI, 8^th AUGUST, 2022 (GPN): BOB Capital Markets Ltd (BOBCAPS) and Maybank Securities Pte. Ltd. Singapore, part of Maybank Investment Banking Group (Maybank IBG) have entered into an Agreement to strengthen their India offering to clients in ASEAN and the rest of the world.

Combining the extensive network of Maybank IBG and excellence of BOBCAPS’ research, this alliance enables Maybank to enhance its product coverage to global institutional clients, while allowing BOBCAPS to expand its reach outside India. This relationship further augments Maybank’s capabilities in serving clients in ASEAN and key global markets while empowering them with bespoke, on-ground and in-depth research insights. The association shall extend across research, corporate access and roadshows to elevate interest in India equity products.

Sanjiv Saraff, Joint Managing Director of BOBCAPS said, “We are extremely pleased and excited about this Alliance. This is a great opportunity for us to leverage the existing global clientele of Maybank to significantly improve our distribution reach and to provide them with insightful India-Equity Research.”

Dato’ Ami Moris, CEO of Maybank IBG said, “As our client franchise grows, we continue our focus on delivering value, and strengthening our platform and thought leadership. India is now the world’ fifth largest stock exchange and is a consistent outperformer versus other emerging markets. The investment case for India remains sound, and is supported by strong economic growth. Maybank IBG has over recent years successfully constructed a significant strategic partnership portfolio in Asia Pacific, and our alliance with BOBCAPS finally adds India, a most critical target market, to our comprehensive product offering. We expect to unlock more ASEAN plus global capital flows into India through this combined service.”Ends

About BOB Capital Markets Ltd. (BOBCAPS)

A wholly owned subsidiary of Bank of Baroda, BOBCAPS is a SEBI registered Merchant Banker and offers a wide spectrum of financial services across equity products and also undertakes debt advisory services in restructuring & syndication.  Bank of Baroda is a leading commercial bank in India founded in 1908 with majority ownership of Government of India. The Bank serves its global customer base of over 150 million through over 46,000 touchpoints spread across 17 countries on 5 continents.

About Maybank Securities Pte. Ltd.

Maybank Securities is part of Maybank Investment Banking Group (Maybank IBG), the investment banking arm of Maybank, one of Asia’s leading banking groups and ASEAN’s fourth largest bank by assets. Maybank IBG is ASEAN’s leading homegrown investment banking group with deep capabilities in investment banking and advisory services, retail and institutional securities broking, research, derivatives and prime broking, and with full-fledged operations and research teams in six ASEAN markets—Malaysia, Singapore, Thailand, Indonesia, the Philippines, and Vietnam—and is also present in Hong Kong, India, UK and US. It seeks to be the force for equitable prosperity and to become ASEAN’s leading Sustainability-First investment bank by Humanising Financial Services.