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Send to friendOur Global Markets division caters to our customers’ treasury needs. We provide products and services involving Foreign Exchange, Money Market, Fixed Income Markets, Derivatives and other structured products. We also play a pivotal role in identifying new markets, products and business opportunities to increase market share and advance Maybank’s regional presence, whilst ensuring a holistic and integrated trading strategy across all the Group’s treasury centres region wide.
Since the launch of our ASEAN mission last year, we have been laying the groundwork to build our business across the region. This included launching a regional centre of excellence for derivatives in Singapore to support an integrated regional sales network, automating deals to improve efficiency and continuing to implement a single seamless Straight Through Processing Global Markets Risk Management System across all trading centres. The system roll-out will be staggered across Malaysia, Singapore, Indonesia and China over this and next year.
At the same time, we explored cross-border product capabilities, specifically foreign exchange and interest rates derivatives, as a means to grow our non-interest income.
Spearheaded by strong regional sales and our strength in rates trading, revenue climbed to RM1,568 million, an advance of 4.2%. The composition of net interest income to non interest income ratio improved from a ratio of 55:45 in FY2010 to 46:54, keeping pace with other leading regional players. Global Markets accounted for 11.7% and 21.1% of Maybank Group revenue and PBT respectively for FY2011.
