Kuala Lumpur (Dec 2): Credit Suisse has been named the best foreign investment bank and M&A (merger and acquisition) house in Malaysia for 2014 by The Asset magazine.

In a statement today, Credit Suisse said it had won the  best foreign investment bank accolade for the fourth consecutive year under The Asset's Triple A Country Awards.

Credit Suisse said this marked a continuation of its excellent track record in Malaysia.

“This award complements Credit Suisse’s philosophy in cultivating long-term relationships with Malaysian corporates as well as complementing and not competing with the domestic investment banking partners.

“We thrive to strengthen the bank’s reputation as the "first-call" foreign investment bank of choice in Malaysia,” said Edwin Low, Credit Suisse's co-head of Southeast Asia investment banking.

According to Credit Suisse, it had during the period under review executed a number of landmark transactions involving merger and acquisition (M&A) and equity issuances in Malaysia.

In M&A, Credit Suisse had advised Affin Holdings’ US$410 million (RM1.43 billion) acquisition of the investment banking, asset management and futures business of Hwang-DBS (Malaysia).

Credit Suisse is also currently advising RHB Capital Bhd on the proposed RHB-CIMB Group Holdings Bhd-Malaysia Building Society Bhd merger.
 
Jefferi Hashim, Credit Suisse's head of Malaysia coverage in investment banking, said the group emphasised on the creation of a capable team to further grow its business here.
 
"We put strong emphasis on investing in a high calibre local team and hope to continue this commitment to the Malaysian franchise given this success and support from our clients and local partners,” said Jefferi.