Malaysia is emerging as a prime place for investment banking activity in Southeast Asia, buoyed by its government’s commitment to renewables and advantageous geographic location.
Notably, electric vehicles (EVs), takaful insurance, and the Sarawak province count amongst the hottest sectors for investment activity in Malaysia in 2024, a top official from Bank of America Malaysia told Asian Banking & Finance.
“Given the focus of the Malaysian government and the incentives towards renewables, I do think that EV is another sector which we should watch out for,” Gautam Puntambekar, BofA Malaysia country executive, told the magazine when asked to pinpoint the next investment opportunity in Malaysia.
It was this keen eye for seeking opportunities that carried BofA Malaysia to clinch the title of Malaysia’s top investment bank in 2023, according to data from Dealogic. Its notable deals include its involvement in the $1.5-b Khazanah Nasional bond issuance and the $1.3-b Ramsay Sime Darby healthcare said the executive.
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