Malaysia’s CIMB Group shuts Hong Kong investment banking business

Malaysia’s CIMB Group shuts Hong Kong investment banking business

A staff attends to a customer at a branch of CIMB Bank in Kuala Lumpur December 8, 2009. REUTERS/Bazuki Muhammad

Malaysia’s CIMB Group Holdings Bhd has closed its Hong Kong investment banking (IB) business, citing existing collaboration with its Hong Kong partner in the competitive North Asian market.