Posted on October 4, 2010 at 7:10 PM
Citigroup has launched its stock broking operations in Malaysia, which moves the company closer to its goal of having equity sales and trading operations throughout Southeast Asia. Other than Vietnam, in which Citigroup plans to buy a minority stake into a local broker, some say that Citigroup’s expansion was complete. Citigroup is banking on being one of the top three foreign institutional brokers in Malaysia within three years. Citi has hired three people for the operation, already, and plans on hiring three more still.
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