PETALING JAYA: CIMB Group Holdings Bhd's reach into the Asia-Pacific markets extended overnight following the acquisition of Royal Bank of Scotland's (RBS) cash equities and associated investment banking businesses for RM849.4mil.
CIMB group chief executive Datuk Seri Nazir Razak said the acquisition provides an opportunity to complete the build-up of the bank's capabilities in Asia-Pacific markets, and do it quicker and less expensive compared with organic growth.
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