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Asset Management / Wealth Management
CGS International rebrands after going solo
Securities house aims to double revenue to S$700 million by 2030
The Asset 19 Apr 2024

CGS International Securities, formerly known as CGS-CIMB, has officially launched its new brand, aiming to double its revenue to S$700 million (US$513 million) by 2030 and become a leading investment house in Asia.

The launch follows the completion of CGS International Holdings’ acquisition of CIMB Group’s stake in their joint venture in December 2023.

“In 2022, we set out our strategic blueprint to steer the group towards a diversified and sustainable business, and have already achieved significant milestones,” says Carol Fong, group chief executive officer of CGS International.

These include completing over 40 investment banking deals in Singapore, Malaysia and Thailand, and obtaining investment banking licences in Malaysia, Indonesia, Singapore and Thailand and asset management licences in Singapore, Malaysia and Thailand.

CGS International has successfully launched two major exchange-traded funds in Singapore, an oversubscribed commercial papers programme in Malaysia, and a new line of structured warrant products in Indonesia. It has also led the underwriting for Credit Bank of Thailand’s initial public offering.

Backed by China Galaxy Securities, a leading securities firm in China, CGS International aims to become the nexus for China-Asean relations and Asia’s global investment house. The firm has been operating in Asia over the past 45 years.

Photo: CSI International officials celebrate launch of new brand in Singapore.

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