13 Investment banks (full list)

Affin Investment Bank Berhad
Alliance Investment Bank Berhad
AmInvestment Bank Berhad
Asian & Euro-American Merchant Bankers (Malaysia) Berhad (Aseambankers)
CIMB Investment Bank Berhad
Hwang-DBS Investment Bank Berhad
Kenanga Investment Bank Berhad (formally K&N Kenanga Berhad)
OSK Investment Bank Berhad
MIDF Investment Bank Berhad
MIMB Investment Bank Berhad (EON)
Public Investment Bank Berhad
RHB Investment Bank Berhad
Southern Investment Bank Berhad (may be acquired by HLB)

31 March 07
The remaining universal brokers are still in the process of meeting the necessary pre-requisites to become investment banks. 34 stockbroking companies comprising 2 Universal Brokers, one stockbroking company with 1+3 mergers, six stockbroking companies with 1+1 mergers, eight standalone stockbroking companies, five foreign stockbrokers under special scheme and 12 Investment Banks.


Status of Stockbroking Industry Consolidation

As at 30 September 2006, based on announcements made by stockbroking companies, seven stockbroking companies have acquired or merged with at least three other stockbroking companies each and fourteen stockbroking companies with one plus one stockbroking company each. Of the seven stockbroking companies that have acquired or merged with at least three other stockbroking companies, six have been granted the Universal Broker (UB) status by the SC and have since commenced operations as UBs.

The six UBs are Hwang-DBS Securities Berhad, OSK Securities Berhad, Kuala Lumpur City Securities Sdn Bhd, K&N Kenanga Berhad, PM Securities Sdn Bhd and Avenue Securities Sdn Bhd.
Further details of the consolidation exercise are listed in Tables 1 and 2.

Table 1Stockbroking Companies with At Least One Merger Partner as at 30 September 2006
1
Hwang-DBS Securities
Omega Securities
Taiping Securities
Hwang-DBS Securities (Johor)
2
OSK Securities
Premier Capital Securities
Ke-Zan Securities
OSK Securities (Malacca)
3
Kuala Lumpur City Securities
WK Securities
Upen Securities
Alor Setar Securities
4
K&N Kenanga
Sarawak Securities
Peninsula Securities
5
PM Securities
MBf Northern Securities
Malpac Securities
Pan Malaysia Securities
6
Avenue Securities
Soon Theam Securities
Kestrel Securities
Kin Khoon & Co
ECM Libra Securities
7
TA Securities Holdings
Kota Bharu Securities
Borneo Securities
TA Securities

Under 12 Investment Bank

AmSecurities
South Johor Securities

Mayban Securities
Phileo Allied Securities

CIMB Securities
ShareTech Securities

Affin Securities
Amsteel Securities (M)

RHB Securities
Straits Securities

EONCAP Securities
SimeSecurities

1+1 SB

JF Apex Securities
Halim Securities

A.A. Anthony Securities
A.A. Anthony & Co.

M & A Securities
Fima Securities

Mercury Securities
PTB Securities

SBB Securities
Mohaiyani Securities

PB Securities
Thong & Kay Hian Securities

Inter-Pacific Securities
UT Securities

MIDF Sisma Securities
Eng Securities

Table 2Stockbroking Companies that Have Yet to Make Any Announcements or Submit Proposals to the SC as at 30 December 2006
1
BIMB Securities
2
FA Securities
3
HLG Securities
4
Innosabah Securities
5
Jupiter Securities
6
KAF-Seagroatt & Campbell Securities
7
Malacca Securities
8
SJ Securities