KUALA LUMPUR (July 26): Euromoney Awards for Excellence named Maybank Investment Bank Bhd (Maybank IB), Malaysia’s Best Investment Bank 2016 for the second consecutive year for its strong performance during the period under review.

UK-based Euromoney Institutional Investor Plc, which conducts benchmark surveys on capital markets, investment, foreign exchange and treasury, and regional markets, also commended Maybank IB for being on all five of the largest Malaysian equity capital market (ECM) deals.

In a statement today, Euromoney said the deals were led by the Malakoff Corp Bhd's initial public offering (IPO) which was the biggest in the Asean region during the time period, and that Maybank IB also handled three of the five biggest placements.

Euromoney’s editorial team conducted more than 200 on-the-record interviews in the region and received 214 submissions in Asia, when deciding the award.

“Maybank IB has made an almighty transition since its acquisition of Kim Eng in 2011, turning from a largely domestic investment bank to one that operates in 10 countries.

“It is a serious presence across Asean now, and it has become so thanks to the foundation of a domestic business that goes from strength to strength,” Euromoney said.

It also pointed out that on the debt capital market side, the bank was on seven of the biggest ringgit bonds and sukuks in the country and has been building up particular strength in sukuk.

“Among the notable deals completed were the Jimah East Power Sdn Bhd’s RM8.98 billion Sukuk Murabahah and Sime Darby Bhd’s RM3 billion Perpetual Subordinated Sukuk Programme, and Indonesian deals for PT XL Axiata Tbk and PT Garuda Indonesia Tbk,” Euromoney added.

Maybank IB chief executive officer Datuk John Chong said it was an honour to bag the title two years in a row, attributing the award to the bank’s clients’ continuous support and its team’s hard work and dedication.