CIMB Securities aims for high single-digit market share by year-end

From left: CIMB Group Holdings Bhd chairman Datuk Mohd Nasir Ahmad, Finance Minister II Datuk Seri Amir Hamzah Azizan, CIMB Securities Sdn Bhd chief executive officer Ruzi Rani Ajith, CIMB Group chief executive officer Datuk Abdul Rahman and CIMB Group co-chief executive officer, group wholesale banking Novan Amirudin.

KUALA LUMPUR: CIMB Securities Sdn Bhd, a wholly-owned subsidiary of CIMB Investment Bank Bhd, is eyeing a high single-digit market share in the stockbroking space by the end of this year, banking on the wholesale segment.

Chief executive officer Ruzi Rani Ajith said the company secured a 4.54 per cent market share as of March and concluded RM6.3 billion worth of substantial block deals and secondary placement.