Nomura Securities Malaysia, a subsidiary of Tokyo-based investment bank Nomura, has been granted a special stock-broking license by the Securities Commission of Malaysia, which will enable the firm to trade cash equities in the country.
According to Nomura, establishing a cash equities business in Malaysia will encourage a greater flow of funds into the country from Nomura’s global network, particularly Japan and the Middle East, and promote Malaysia’s capital market to global investors.
In addition, the bank is also planning to become a registered participant organisation with Bursa Malaysia Securities, the country’s securities exchange, enabling it to directly trade Malaysian equities for its Malaysian and global clients.
“Nomura has had a presence in Malaysia since 1993 with a particular focus on providing corporate advisory services to Malaysian institutions,” said Siggi Thorkelsson, head of equities, Asia-Pacific, Nomura, in a statement. “The commencement of a cash equities business in Malaysia with a focus on Middle East investors represents another milestone in our ambition to create the leading Asia-Pacific equities house with global capabilities and reach backed by a strong research platform.”
Nomura has also recently received a license to provide investment banking and capital markets services in Qatar in the Middle East, complementing its existing businesses in Bahrain, Dubai, and Riyadh.