CGS International Securities Malaysia unveils new brand and value proposition
KUALA LUMPUR: CGS International Securities Malaysia (CGS MY) right this moment unveiled its new brand and proposition for the corporate following the acquisition of 100% stake in CGS-CIMB Securities (Malaysia) by China Galaxy Securities (CGS) on Dec 29, 2023.
The rebranding train includes a new company identify and refreshed emblem that’s reflective of the group’s heritage, signifying its evolution, new progress ambitions and plans.
The new identify, CGS International Securities Malaysia, builds upon the optimistic brand fairness of the CGS-CIMB three way partnership and its capabilities, each domestically and regionally by means of its community. The acquisition is anticipated to reinforce CGS International Securities Pte Ltd’s (CGS International) networks in China and Asean, particularly in Malaysia, Indonesia, Singapore, and Thailand, and is anticipated to offer CGS MY with better connections with regional purchasers and funding alternatives.
Deputy Finance Minister Lim Hui Ying mentioned that this improvement signifies the continued relationship with their largest buying and selling accomplice, China.
“As a nation, Malaysia will proceed to discover alternatives to strengthen our commerce relationship, particularly in being an funding and enterprise vacation spot. Building monetary resilience for the nation on this more and more aggressive and difficult atmosphere stays a spotlight for the federal government and we’re happy to work with China’s main securities agency, CGS, to mutually supply to develop the business and expertise, and supply native and regional entry to a much wider vary of funding alternatives and options to assist advance our companies and buyers’ wealth.”
She added that CGS’s choice to develop its presence on this area represents elevated confidence in its fundamentals and vibrancy, particularly the significance of Malaysia’s financial system and capital markets, as a major contributor to the Group’s income and progress.
“We stay up for better innovation from the group, and superior regional entry as CGS International serves as a nexus and gateway for not solely Chinese and worldwide buyers seeking to put money into and/or function in Malaysia but in addition for Malaysian buyers and firms on the lookout for better alternatives within the area,” she remarked.
On the new CGS International, group CEO Carol Fong mentioned, “In 2022, we set out our strategic blueprint to steer the group in direction of a diversified and sustainable enterprise, and have already achieved important milestones. These embrace finishing over 40 funding banking offers in Singapore, Malaysia and Thailand, and acquiring funding banking licences in Malaysia, Indonesia, Singapore and Thailand and asset administration licences in Singapore, Malaysia and Thailand. These achievements are only a small glimpse of the size of our ambitions as we broaden our basic value proposition. Together with CGS, we goal to facilitate better financial collaboration, cross-border investments and financing, and help the enlargement of high quality Chinese and Asean firms.”
Following the rebranding, CGS MY CEO Azizah Mohd Yatim mentioned they stay up for taking their enterprise to better heights, by constructing on their strategic progress pillars which embrace enhancing their platforms, customer support and expertise, while broadening their advisory and fairness capital market capabilities and wealth administration options.
