In a statement, the US-based lender said: “The news underlines Citi’s continued investment in Asia and its desire to play an expanded role in the local Malaysian capital market.”
The Malaysian government is interested in boosting the country’s sluggish stock market by encouraging more foreign investment.
As part of that strategy, the capital market regulator of Malaysia had recently granted licenses to Goldman Sachs to set up fund management and advisory operations in the nation, reported the news agency.
