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Published: Friday April 13, 2012 MYT 3:13:00 PM
Updated: Friday April 13, 2012 MYT 3:43:28 PM

Maybank Kim Eng strengthens regional management team with 2 new appointments

KUALA LUMPUR: Maybank Kim Eng strengthened its regional management team with the appointments of Giles Ong from Citigroup Global Markets Singapore, as head of investment banking and advisory while Prasenjit Kumar Basu was picked to be the regional head, research and economics.

It said on Friday these appointments represented a further step in its strategy to become a leading regional financial powerhouse by 2015.

Maybank Kim Eng group chief executive Tengku Datuk Zafrul Tengku Abdul Aziz said: “With these new appointments, we are now ably supported in our endeavour to build and enhance our business operations as well as to achieve our vision of becoming a regional financial powerhouse.”

Ong's role as head of investment banking and advisory would be to develop and oversee strategies and plans to build Maybank Kim Eng's global investment banking and advisory business. These businesses include corporate finance, debt markets, equity capital markets and strategic advisory.

Prior to joining Maybank Kim Eng, Ong was with Citigroup Global Markets Singapore from 2004 to 2011 and was appointed managing director, head of South East Asia mergers & acquisition in 2007.

Before joining Citigroup in 2004, he worked for Merrill Lynch and Morgan Stanley, where he primarily focused on cross-border mergers and acquisitions out of their Singapore offices.

Maybank Kim Eng said Basu would oversee the regional research and economics function for Maybank Kim Eng and lead the research teams in providing high-quality research.

Previously, he was the managing director and chief economist, Asia (ex-Japan) at Daiwa Capital Markets, based in Singapore. Before joining Daiwa in May 2007, he was chief economist at Khazanah Nasional Bhd.

Prior to that, he was chief economist (SE Asia & India) at Credit Suisse First Boston, and was ranked among the top three Asian economists in The Asset poll of fixed-income fund managers in 2001 and 2002, and among the top-5 Asian economists in the Asiamoney equity poll in 2001.