KUALA LUMPUR: It is critical for the country to have a strong domestic capital market that is not dominated by foreign players, said Commerce International Merchant Bankers Bhd (CIMB) chief executive and managing director Mohamed Nazir Abdul Razak.
“Foreigners will be competing more effectively in our capital markets where trading and market making will become the core activity in investment banking,” he said in his presentation entitled Investment Banking – What's Next, What's New at the 2003 Malaysian Banking Summit here yesterday.