CIMB completes the acquisition of KAF Equities

CIMB Group CEO Datuk Abdul Rahman Ahmad

KUALA LUMPUR: CIMB Group Holdings Bhd has completed the acquisition of KAF Equities Sdn Bhd via CIMB Investment Bank Bhd and will be rebranded as CIMB Securities Sdn Bhd.

“The acquisition is part of the bank’s strategy to expand its in-house capabilities, that complements the group’s wholesale banking business in Malaysia,” CIMB said in a statement.