Bloomberg News

Maybank Kim Eng Research Unit Loses 4 Singapore Analysts

March 27, 2012

Four Singapore-based equity analysts from Maybank Kim Eng Holdings Ltd. (KEH) have resigned from its research unit, the head of the company said.

The employees quit over the past two weeks, said Tengku Dato’ Zafrul Aziz, director of Maybank Kim Eng, in an e-mailed response to questions today.

“We have already identified some of the replacements and are hoping to have them on board soon,” said Zafrul Aziz, without naming the departing or prospective employees. Including the four workers that are leaving, Maybank Kim Eng employs 17 analysts and 800 employees and remisiers in Singapore, he said.

Maybank, as Malaysia’s largest lender Malayan Banking Bhd. (MAY) is called, completed the acquisition of Singapore-based Kim Eng in May last year for S$1.79 billion ($1.4 billion), giving it brokerage and investment banking operations in Singapore, Thailand, Indonesia, the Philippines and Vietnam. The combined investment banking and broking entity has 3,000 employees, Zafrul Aziz said in June.

To contact the reporter on this story: Sanat Vallikappen in Singapore at

To contact the editor responsible for this story: Chitra Somayaji at

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