Maybank ceases HK equities research operations

Fitch Ratings said Maybank's long-term IDRs and viability rating (VR) reflected its dominant franchise in Malaysia and able management team, which help to underpin its stable funding and liquidity position, sound capital buffers and steady earnings performance through business cycles.

KUALA LUMPUR: Malayan Banking Bhd, Malaysia’s biggest lender, has ceased its Hong Kong equities research operations as the investment bank focuses on its core Asean market.

Maybank Kim Eng said the investment bank had recently remodelled its institutional brokerage business to focus on its core Asean capabilities and coverage.