Maybank IB unveils EzyInvest for retail investors

A file photo shows a retail investor looking at the share index at a private stock market gallery in Kuala Lumpur. Maybank IB has launched a low cost-cost investment product to attract first-time investors.

KUALA LUMPUR: Maybank Investment Bank Bhd, in a bid to attract first-time investors and expand its retail customer base, is offering cheaper brokerage fees to clients who buy and sell pre-selected quality counters.

Head of retail equities Lim Chee Kiong said the bank and the industry was pushing for more retail participation in the Malaysian stock market as there were many new as well as dormant investors, especially since the Asian financial crisis in the 1990s.