KUALA LUMPUR: With much of the South-East Asian market cornered, the way forward for investment banks (IBs) in Malaysia and the region is to grow in Asia, where they will be up against the formidable Western IBs, said banking stalwart Tengku Datuk Zafrul Tengku Abdul Aziz.
“The challenge for our IBs used to be expanding their franchise overseas. The big players have achieved this despite stiff competition from foreign IBs.
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