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Maybank Kim Eng Securities (Thailand) Aims to Offer Private Wealth Management Service

Date :19 June 2012

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Maybank Kim Eng Securities (Thailand) (MBKET) plans to provide private wealth management service. It is confident support from its major shareholder will solidify its competitiveness in the securities business. It aims to be no.1 securities firm that provides fully-integrated investment services.

Mr. Montree Sornpaisarn, CEO of Maybank Kim Eng Securities (Thailand) Plc. (“MBKET”) said that MBKET is in a well position to expand into the private wealth management business. The Company has deemed that good private wealth management service will play an important role in creating wealth for clients, and this is one of the business goals of MBKET. Expanding into the private wealth management business will also help the company in expanding its business base. In penetrating the private wealth management business, MBKET has gained necessary support from the Malaysian-based Maybank Group which is the company’s major shareholder. The Maybank Group has seasoned experience and strong expertise in the private banking business for a long time. It won many awards in the area of private banking business. Recently, the Maybank Group was voted as the best bank in the private banking business from Asiamoney Private Banking Poll 2011. Maybank has awarded Best Demestic Private Bank in Malaysia and also voted by high net worth clients as Overall Best Private Bank in Malaysia for 3rd consecutive year from 2009 - 2011. This would help to solidify MBKET’s competitiveness and readiness in the private wealth management business.

Ms.Boonporn Boriboonsongsilp, CEO of Retail Business said that MBKET started to promote its private wealth management business since the end of 2011. However, this service has recently introduced to the public, thanks to its readiness in terms of staffs. MBKET’s staffs in the area of the private wealth management business consist of experienced financial planners/advisors who used to work for leading financial institutions and they are ready to provide variety of private wealth management service in helping their clients to achieve their investment objectives. The company will provide variety of financial services covering investment planning, provision of investment advice regarding investment alternatives and financial instruments trading services for both onshore and offshore products. In providing offshore trading services, MBKET will utilize trading network of the Maybank Group, with branches/subsidiaries located in 17 countries across Asia, Europe and the US. Around the end of June 2012, the Company will provide offshore trading services for investment in SGX, HKSE, KLSE, NYSE and NASDAQ.

In addition, MBKET plans to provide trading services for other financial instruments such as equity-linked notes and insurance services to allow its clients to achieve appropriate asset allocation. It is expected MBKET will be able to provide this service on the second half of 2012.

“At present, the investment world is globalized and there is variety of investment alternatives. To create and maintain long-term wealth, investors must have clear investment objectives, know and understand feature and risks associated with each kind of financial instrument and select financial investment that well matched with their investment objectives. Thus, it is absolutely necessary for a client to have an experienced financial advisor/planner who can provide investment advice/planning, select financial instruments that well match with his investment objective. Now MBKET has staffs who are ready to take care of clients.” Ms. Boonporn stated.

About Maybank :

The Maybank Group is Malaysia’s regional financial services leader with an international network of over 2,200 offices in 17 countries namely Malaysia, Singapore, Indonesia, Philippines, Brunei Darussalam, Vietnam, Cambodia, Thailand, Papua New Guinea, Hong Kong SAR, People's Republic of China, Bahrain, Uzbekistan, Pakistan, India, Saudi Arabia, Great Britain and the United States of America. The Group offers an extensive range of products and services, which includes commercial banking, investment banking, Islamic banking, stock broking, insurance and takaful and asset management. It has over 45,000 employees serving more than 22 million customers worldwide.

About Maybank Kim Eng :

The Maybank Kim Eng group of companies comprises securities and investment banking businesses stretching around the globe with offices in Malaysia, Singapore, Hong Kong, Thailand, Indonesia, Philippines, India, Vietnam, Saudi Arabia, Great Britain and the United States of America. Maybank Kim Eng has been in Asia for 39 years and provides services in corporate finance, investment banking, debt markets, equity capital markets, derivatives, retail and institutional securities broking and research