The company may form strategic
alliances with foreign investment banks to further strengthen the
business, says a director of ECM Libra Investment Bank
ECM Libra Investment Bank Bhd (ECMIB) hopes to secure at least
six major jobs and plans to use some of its RM900 million shareholders'
fund to invest in various sectors to strengthen the group's business
in 2008.
"Last year was a year of consolidation. Now we are ready to
expand our business further. So far, the number of jobs we have
in the pipeline is encouraging," its director Lim Kian Onn
said.
However, he declined to disclose the actual number of proposed
deals and potential value the firm is looking at.
"We have identified several key areas which we plan to focus
on this year, such as providing personalised financial services
to maintain a positive growth and may form strategic alliances with
foreign investment banks to further strengthen the business,"
Lim said.
The alliances will enable the group to improve its financial services
and provide different sets of skills to its 700 workforce, he told
reporters after the opening of ECMIB's branch in Seremban, Negri
Sembilan, yesterday.
Opening of the 12th branch was officiated by Local Government and
Housing Minister Datuk Seri Ong Ka Ting. Also present was ECMIB
chairman Datuk Mohd Ali Samad and ECM Libra Group executive chairman
and chief executive officer Datuk Seri Kalimullah Hassan.
Besides the Seremban branch, it has two branches in Penang and
one each in Ipoh and Teluk Intan in Perak, Muar, Yong Peng and Kluang
in Johor, Kota Kinabalu, Kuantan, Malacca and Kuala Lumpur.
|