airasia Super App partners CGS-CIMB Securities to democratise capital market investment for retailers across Malaysia and Southeast Asia - “Now Everyone Can Invest”
airasia Super App’s Chief Fintech Officer, Mohamad Hafidz Mohd Fadzil (left) and CGS-CIMB Securities’ Chief Executive Officer, Ruzi Rani Ajith signing the MOU at the press conference today.
KUALA LUMPUR, 7 Mar 22 – airasia Super App under Capital A (formerly known as AirAsia Group) and CGS-CIMB Securities Sdn. Bhd. (“CGS-CIMB Securities”) signed a Memorandum of Understanding (“MOU”) today to collaborate on making equity trading and investing more accessible and affordable for everyone, especially the non-investors.
This initiative is in line with the Securities Commission Malaysia Capital Market Masterplan 3, which aims to empower investors in building a better future by offering quality investment advice and technologically enhanced capabilities to meet rapidly evolving customer needs.
As brands with a proven track record of providing products and services that Southeast Asian customers can trust, airasia Super App and CGS-CIMB Securities will combine their respective strengths to democratise capital market offerings for the masses by making it accessible, affordable, and digitally inclusive.
Similar to how airasia has made air travel possible for the wider Southeast Asian population, this collaboration aims to bring capital market investment to the public by leveraging the best of CGS-CIMB Securities and Capital A’s consumer insights and disruptive strategies. Borrowing from airasia’s tagline, the vision is “now, everyone can invest.”
airasia Super App’s Chief Fintech Officer, Mohamad Hafidz Mohd Fadzil said, “We are very excited about this partnership with CGS-CIMB Securities, and truly believe it bodes well with our ethos of providing services that are inclusive, affordable and accessible. We believe we will be able to provide the common man with the best financial services that have largely been available to the limited few in society, and live up to our mission of serving the underserved.”
Ruzi Rani Ajith, CGS-CIMB Securities’ Chief Executive Officer said, “We are equally excited with partnering airasia Super App, capitalising on CGS-CIMB Securities’s investment-as-a-service model. With over 40 years of experience in Asia, we have evolved from being a pure play traditional broker to being a trusted financial solutions provider for not only institutional clients but also for the man in the street. With our focus on ESG, we will level the playing field by providing financial literacy courses so that as “everyone can invest”, they do so with knowledge and wisdom. Ultimately, we want to create investment opportunities for those who would otherwise be left behind, with a platform that is simple to use and affordable.”
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About AirAsia Super App
The airasia Super App is a one-stop travel, e-commerce and fin-tech platform offering consumers over 15 lines of products and services via the super app as well as airasia.com website. Powered by data and technology, the airasia super app leverages its digital ecosystem of 51 million users and 40 million downloads to generate personalised and seamless consumer experience in the digital new era. Users can also engage in real-time conversations, join like-minded communities, play games and much more. From travel needs to everyday lifestyle essentials, there is always something for everyone on the airasia Super App. Download the airasia Super App via the Apple App Store or the Google Play Store.
About CGS-CIMB Securities Sdn Bhd
CGS-CIMB Securities Sdn Bhd is part of the larger CGS-CIMB group and is a Participating Organisation of Bursa Malaysia Securities Berhad. We are one of the top three brokerage houses in Malaysia.
CGS-CIMB Securities International Pte. Ltd (“CGS-CIMB”) is one of the leading integrated financial service providers in Asia. It is a joint venture between China Galaxy International Financial Holdings Limited, a wholly-owned subsidiary of China Galaxy Securities Co. Ltd. and CIMB Group Sdn Bhd.
Through a network of local offices, branches and strategic partners, we have a global presence in over 20 countries, providing a truly Asian perspective. We are well-position as Asia’s leading financial gateway with a core focus on well researched and in-depth analysis on financial products.
We are a customer-centric firm and focus on value creation for clients, offering a suite of investment and financial solutions for retail and institutional clients. Our businesses include retail broking, institutional equities, derivatives, prime services, equities research, wealth management and online broking.
Backed by an award-winning research team, we have one of the most comprehensive research coverage of over 970 stocks in the region. Our strong research capabilities form the backbone of our product and service offerings, connecting clients to opportunities.
For media enquiries, please contact:
Daphne Cheah
Group Communications
+60 12-653 8161
groupcomms@airasia.com
Ms Chong Chyi Ming
Marketing and Communications
CGS-CIMB Securities Sdn Bhd
(Participating Organisation of Bursa Malaysia)
Mobile: +6012 -225 7968
Email: chyiming.chong@cgs-cimb.com