Nomura starts cash equities business in Malaysia
The Securities Commission has granted Nomura Securities Malaysia Sdn Bhd a special scheme stock broking license. It signaled the establishment of Nomura’s cash equities business in Malaysia.
Nomura Securities Malaysia is the sixth special scheme broker to be established in Malaysia. Nomura's new cash equities business is expected to encourage greater flow of funds into Malaysia from Nomura's global network, including from Japan and the Middle East, and promote the Malaysian capital market to global investors.
Nomura 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.
In addition to the license, Nomura will also be registered as a participating organisation with Bursa Malaysia Securities, and will be able to trade Malaysian equities for its Malaysian and global clients.
"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," said Mr Siggi Thorkelsson, Nomura's head of Equities Asia-Pacific.
