The awards from Alpha Southeast Asia and FinanceAsia reaffirm CGS-CIMB's commitment to its customers amidst a volatile economic climate
SINGAPORE, June 30, 2023 /PRNewswire/ -- CGS-CIMB Securities Pte. Ltd. (CGS-CIMB) today announced that it had received seven industry awards from Alpha Southeast Asia and FinanceAsia, concluding the first half of 2023 on a positive note. Awarded in recognition of CGS-CIMB's excellent performance in key Southeast Asian markets, these accolades reaffirm the organisation's market-leading capabilities, and solidify its position as an industry leader.
CGS-CIMB Group Chief Executive Officer, Carol Fong, said: "These achievements underscore CGS-CIMB Securities' unwavering professionalism and support for our clients in navigating 2022 – a year depicted by a highly volatile economic climate. The awards serve as a testament to our industry leadership, and we would like to dedicate this win to our clients and partners for their steadfast belief in us, as well as our employees without whom this achievement would not be possible. Moving ahead, we have positioned ourselves for continued growth with our Vision 25 Strategy to deliver optimal and sustainable investment outcomes for our clients."
Recently this month, CGS-CIMB was honoured with five awards at the 17th Annual Alpha Southeast Asia Best FI Awards 2023, recognised as the 'Best Institutional Broker' in Indonesia, Singapore, and Thailand, the 'Best Retail Broker' in Malaysia, and the 'Best Broker' in Southeast Asia.
Organised by Alpha Southeast Asia, these awards are billed as the first and only institutional investment magazine focused on Southeast Asia. All nominations were assessed using a fair, robust, and informative methodology – judged by the CEO and publisher of Alpha Southeast Asia, alongside three members of the senior editorial team – which saw CGS-CIMB emerge as the eventual winner in the aforementioned award categories.
From its commitment to retail investors to servicing institutional investors, CGS-CIMB has deep-seated resources in place following a year where key brokers have visibly scaled back presence in the region. The decision to award CGS-CIMB came as an outcome of factors including leading market share in regions such as Singapore and Malaysia, research quality, and the unrivalled commitment to regional markets despite challenging conditions over the last 12 months.
Earlier this year in May, CGS-CIMB was also recognised as the 'Best Broker' in Singapore and Malaysia at the 27th FinanceAsia Awards 2023, marking its fourth consecutive win. The FinanceAsia Awards looks to celebrate the best financial institutions in Asia and represents one of the most credible accolades in Asia's financial services industry.
Organised by premier capital markets publication FinanceAsia, the awards sought to identify leading banks, brokers, and ratings agencies that were able to help their clients most effectively navigate global financial uncertainties in 2022 through a combination of commercial and technical acumen.
Award nominations for the 'Best Broker' category were reviewed by a panel of judges based on a comprehensive list of criteria that included the company's financial performance, long term strategy, notable transactions, as well as market position over the past year. Shortlisted finalists then underwent a stringent pitching process with the FinanceAsia editorial and award teams, based on which the winner was selected.
CGS-CIMB is well on track to achieve the goals set out in its Vision 25 Strategy, a five-year plan that outlines high-growth opportunities in areas including customer-centricity and Environment, Social and Governance (ESG). Harnessing the company's experienced financial professionals and an array of digital solutions, CGS-CIMB today works to empower clients and the broader community to make informed decisions about their finances for a sustainable future.
About CGS-CIMB Securities
CGS-CIMB Securities (CGS-CIMB) is one of the leading integrated financial service providers in Asia. It is a joint venture between CGS International Holdings Limited, a wholly owned subsidiary of China Galaxy Securities Co. Ltd., and CIMB Group Sdn. Bhd.
Through a network of local offices, branches and strategic partners, we have direct global presence in over 15 countries and territories, providing a truly Asian perspective. We are well-positioned as Asia's leading financial gateway with a core focus on deep-dive research and in-depth analysis on equities and financial products.
We are a customer-centric firm and focus on value creation for clients, offering a suite of investment and financial solutions for retail and institutional clients. Our businesses include retail broking, institutional equities, derivatives, prime services, equities research, wealth management and online broking.
Backed by an award-winning research team, we offer some of the most comprehensive research coverage spanning over 800 stocks. Our strong research capabilities form the backbone of our product and service offerings, connecting clients to opportunities.
