Malaysian bank uses RBS assets to grow in Asia

CIMB Group is keen to use its recent acquisition of some Asian assets from Royal Bank of Scotland (RBS) to help it expand rapidly outside its home market, focusing on Southeast Asia and China.

Nazir Razak, chief executive of CIMB, the second-largest bank in Malaysia, told the South China Morning Post in an exclusive interview he wanted to make better use of those RBS assets than Nomura did when it acquired Lehman Brothers' assets in Asia and Europe during the 2008 global financial crisis.

via Business feed http://www.scmp.com/business/banking-finance/article/1091519/malaysian-bank-uses-rbs-assets-grow-asia