CIMB Group forms partnership with John Keells Stock Brokers
From left: Tivanka Ratnayake, CEO, John Keells Stock Brokers,
Krishan Balendra, President, John Keells Stock Brokers, Kong
Sooi Lin, Deputy CEO, CIMB Investment Bank Berhad, Toh Hoon
Chew, Regional Head of Research, CIMB Investment Bank Berhad.
CIMB Group Holdings Berhad (CIMB Group) and John Keells Stock Brokers
(Pvt) Ltd (JKSB) entered into a strategic collaboration today to promote
and facilitate trading on the Colombo Stock Exchange (CSE) and provide
co-branded research for CIMB’s clientele.
JKSB, a founder member of the CSE and a subsidiary of John Keells
Holdings PLC, the largest listed entity on the Colombo Stock Exchange,
will be CIMB Group’s trade execution partner in Sri Lanka whilst
supporting CIMB in its sales initiatives to generate trade flows to the
As part of an agreement signed yesterday, JKSB will also supply CIMB
Group (ASEAN’s leading universal banking group) with research which will
be disseminated to CIMB’s clientele globally under a CIMB/JKSB
This new relationship expands CIMB’s global reach and widens JKSB’s
access to foreign clientele and is expected to result in JKSB and the
Sri Lankan market benefiting from increased visibility, particularly in
the ASEAN region where CIMB continues to rank as the top player.
“CIMB is newly present in Sri Lanka [since last August] and we were
impressed by the level of industrial and financial activity in Sri Lanka
and believe in its economic growth potential. ASEAN countries and
businesses are already significant trade and investment partners for the
country, and as one of ASEAN’s leading financial institutions, we
believe CIMB has a role to play,” said Kong Sooi Lin, Deputy CEO, CIMB
Investment Bank Bhd.
“We believe that this partnership with John Keells Stock Brokers will
further facilitate trade and investments for our clients as well as
between Sri Lanka and ASEAN,” she added.
“This new partnership between JKSB and CIMB has significant potential
in attracting new foreign investors especially from the South East Asian
region to the post war opportunities that Sri Lanka offers through the
Colombo Stock Exchange” said Krishan Balendra, President, John Keells