Deals
Nazir’s CIMB to Take on Goldman With ‘Audacious’ RBS Deal
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CIMB Group Holdings Bhd., Southeast Asia’s top-ranked investment bank over the past three years, is taking aim at a bigger market following its acquisition of some of Royal Bank of Scotland Group Plc’s operations in Asia.
The Malaysian company can now compete with rivals including Goldman Sachs Group Inc. and JPMorgan Chase & Co. for Asia-Pacific deals, Chief Executive Officer Nazir Razak said in an interview in Kuala Lumpur. CIMB agreed in April to buy most of Edinburgh-based RBS’s investment banking and cash equities businesses in the region for $142 million.