CIMB and Morgans extend strategic alliance
In March 2015, CIMB Investment Bank Berhad ("CIMB") and Morgans Financial Limited ("Morgans") entered into an agreement to extend their alliance partnership in Australia.
This partnership provided Morgans with an opportunity to enhance offerings to its large clientele across Australia consisting of retail, high net-worth, corporate and institutional clients. Meanwhile, CIMB was able to continue supporting its clients in the Asian region who wanted access to the Australian market through Morgans.
Under the agreement, both parties will provide strategic business support by leveraging on each other's strengths and capabilities. CIMB and Morgans will work together on corporate transactions for cross border businesses between Australia and Asia. Both companies will join forces to optimise technology platforms in order to formulate innovative and sophisticated products for their clients.
As a result of the agreement, Morgans has enhanced its presence in Sydney and Melbourne with the expansion of its research, retail and institutional dealing teams. In enhancing its offerings, Morgans has expanded its coverage of ASX listed companies to provide its client base with a differentiated and focused large cap research offering to complement its existing award winning mid and small cap company research.
Contact your nearest Morgans office for more information.