Nomura obtains approval to establish Malaysian stock broking company
Hong Kong, September 26, 2008 – Nomura, the leading Asia-based investment bank, today announced that it has gained approval from the Securities Commission of Malaysia to establish a new stock broking company in Malaysia.
Malaysia is becoming an increasingly important financial district in South East Asia, particularly with the rapid development of Islamic finance in recent years. The new stock broking company will allow Nomura to further support the Malaysian capital markets by attracting more fund flow from the Middle East and other foreign markets into Malaysian stocks and Islamic financial instruments.
"We are delighted that we are now in a position to enhance our Malaysian operations and build on Nomura's strategy of delivering Asia to the world," said Satoshi Imai, head of Nomura's Malaysia office. "By integrating Malaysia into our global equity broking operations, more of our clients will be able to benefit from the suite of Asian products Nomura offers."
Nomura has had a presence in Malaysia since 1993 with a particular focus on providing corporate advisory services to Malaysian institutions. The announcement today is a further demonstration of Nomura's strong commitment to Asia through the expansion and enhancement of its capabilities.
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Nomura
Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs about 18,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through five business divisions: domestic retail, global markets, global investment banking, global merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com.
