League Tables: Malaysia


Leading Equity Houses in Malaysia 2025Proceeds (US$ Mil)RankMarket ShareDeals
RHB330.62113.7811
Malayan Banking Bhd304.00212.679
M and A Securities Sdn Berhad296.23312.3528
AMMB Holdings Bhd189.1847.888
Alliance Bank164.6556.869
CIMB Group Holdings Bhd158.1266.596
UBS155.7776.493
TA Securities Holdings Bhd106.8784.4524
Mercury Securities95.4493.9813
Hong Leong Financial Group Bhd93.88103.913
China Galaxy Securities Co89.69113.743
Malacca Securities65.00122.719
MBSB Bhd51.29132.142
United Overseas Bank Ltd49.19142.0518
KAF Investment Bank Bhd46.77151.954
Kenanga Investment Bank Bhd43.31161.805
Affin Holdings Bhd38.73171.614
Public Bank34.43181.432
CITIC21.57190.901
R. F. Lafferty15.06200.632
Maxim Group LLC11.59210.481
Revere Securities Corp8.96220.371
Benchmark Co LLC7.00230.291
Cathay Financial Hldg Co Ltd5.0024*0.211
Up Fintech Holding Ltd5.0024*0.211
Industry total2,399.52100.00158
Period: 12/01/2024- 11/30/2025
Leading Equity Houses in Malaysia 2024Proceeds (US$ Mil)Rank Market ShareDeals
CIMB Group Holdings Bhd958.88128.037
Malayan Banking Bhd502.82214.7010
AMMB Holdings Bhd358.67310.4812
BofA Securities Inc296.7348.672
M and A Securities Sdn Berhad258.4257.5529
United Overseas Bank Ltd176.6765.1627
TA Securities Holdings Bhd152.9274.4727
Kenanga Investment Bank Bhd99.2382.9010
KAF Investment Bank Bhd97.4792.858
RHB70.14102.056
Affin Holdings Bhd61.55111.804
Hong Leong Financial Group Bhd59.98121.756
Alliance Bank54.76131.608
Malaysian Industrial Dev Fin51.02141.494
Mercury Securities47.38151.3814
Malacca Securities Sdn Bhd41.84161.224
Bank Inter-Pacific Tbk39.76171.166
CITIC31.22180.911
SJ Securities23.62190.691
China Galaxy Securities Co18.36200.541
Up Fintech Holding Ltd4.88210.141
Malacca Traders4.30220.132
Inter Pacific Securities Sdn4.19230.122
BDO Capital Consultants Sdn2.18240.061
Public Bank1.86250.051
Industry total3,421.25100.00181
Period: 12/01/2023- 12/02/2024
Leading Equity Houses in Malaysia 2023Proceeds (US$ Mil)RankMarket ShareDeals
CIMB Group Holdings Bhd265.2112.78
M and A Securities Sdn Berhad232.1211.129
AMMB Holdings Bhd174.138.311
Malayan Banking Bhd171.648.27
Kenanga Investment Bank Bhd169.758.115
RHB156.667.56
TA Securities Holdings Bhd152.577.329
UBS143.786.94
Malacca Traders111.895.310
Mercury Securities108.9105.211
KAF Investment Bank Bhd79.8113.86
CITIC72.6123.52
United Overseas Bank Ltd60.4132.923
Public Bank43.6142.13
Hong Leong Financial Group Bhd31.6151.51
Affin Holdings Bhd28.8161.43
Malaysian Industrial Dev Fin21.3171.02
Astramina Advisory Sdn Bhd12.618*0.61
Alliance Financial Group Bhd12.618*0.63
Network 1 Financial Securities11.6200.62
SJ Securities11.2210.51
Stirling Coleman Capital Ltd6.7220.31
Maxim Group LLC5.023*0.21
Malacca Securities Sdn Bhd5.023*0.2 2
Sutter Securities2.625*0.11
Boustead Securities LLC2.625*0.11
Industry Total2,097.0100.0165
Source: LSEG
Date: 12/01/2023
Period: 12/01/2022- 11/30/2023
Leading Equity Houses in Malaysia 2022Proceeds (US$ Mil)RankMarket ShareDeals
Malayan Banking Bhd424.7116.29
AMMB Holdings Bhd248.529.512
RHB227.238.79
Kenanga Investment Bank Bhd217.248.38
M and A Securities Sdn Berhad199.557.626
United Overseas Bank Ltd165.966.336
CIMB Group Holdings Bhd163.176.27
Mercury Securities158.386.024
Credit Suisse130.995.04
TA Securities Holdings Bhd128.1104.928
Hong Leong Financial Group Bhd121.4114.67
JP Morgan115.2124.41
Malaysian Industrial Dev Fin72.6132.85
Affin Holdings Bhd45.6141.73
UBS40.6151.61
Malacca Traders33.7161.37
Public Bank26.2171.04
Network 1 Financial Securities20.0180.81
Alliance Bank (Malaysia)15.3190.65
Bell Financial Group Ltd12.520*0.51
Morgans Financial Ltd12.520*0.51
KAF Investment Bank Bhd9.8220.47
Alliance Financial Group Bhd7.4230.31
RHT Capital Pte Ltd3.8240.11
Bank of Communications Co Ltd2.825*0.11
Phillip Securities2.825*0.11
China Minsheng Banking Corp2.825*0.11
China Galaxy Securities Co2.825*0.11
Haitong Securities Co Ltd2.825*0.11
Sunny Fortune Capital Ltd2.825*0.11
Elstone Securities Ltd2.825*0.11
Industry Total2625.1100.0185
Source: Refinitiv 
Date: 12/01/2022
Period: 12/01/2021- 11/30/2022
Leading ECM Houses in Malaysia 2021Proceeds (US$ Mil)RankMarket ShareDeals
Malayan Banking3,607.7117.610
Mercury Securities2,050.7210.054
JP Morgan1,991.539.73
Credit Suisse1,880.349.26
CIMB Group1,837.259.07
20 Others7,602.2637.2210
Industry Total20,524.1100.0267
Source: Refinitiv
Period: 12/01/2020 – 11/30/2021
Leading ECM Houses in Malaysia 2020Proceeds (US$ Mil)Market Share
CIMB Group Holdings Bhd1,760.251.1
Credit Suisse1,760.29.7
RHB280.98.2
22 Others1069.431.0
Industry Total3442.9100
Source: Refinitiv
Period: 12/01/2019 – 11/30/2020

Leading Bond Houses in Malaysia 2025Amount  (US$ Mil)RankMarket ShareDeals
CIMB Group Holdings Bhd33,804.54127.20116
Malayan Banking Bhd28,466.92222.90111
RHB19,282.34315.5174
AMMB Holdings Bhd9,753.1747.8537
MBSB Bhd4,407.6853.553
Hong Leong Financial Group Bhd4,082.5063.2821
Bank Islam Malaysia3,990.8373.2110
Kenanga Investment Bank Bhd3,573.2382.8840
HSBC Holdings PLC3,355.4792.7019
Oversea-Chinese Banking3,323.77102.6730
Affin Holdings Bhd2,939.91112.3714
United Overseas Bank Ltd2,251.50121.8116
Public Bank1,995.93131.6125
Malaysian Industrial Dev Fin1,615.00141.304
Bank Muamalat Malaysia487.50150.393
Bank Negara Malaysia415.00160.332
Alliance Bank340.00170.273
Mitsubishi UFJ Financial Group87.5018*0.071
Mizuho Financial Group87.5018*0.071
Goldman Sachs & Co25.00200.021
Industry total124,285.29 100.00330
Period: 12/01/2024 – 11/30/2025
Leading Bond Houses in Malaysia 2024Proceeds (US$ Mil)RankMarket ShareDeals
Malayan Banking Bhd20,446.32121.9794
CIMB Group Holdings Bhd19,869.64221.35100
RHB14,366.60315.4384
AMMB Holdings Bhd11,795.46412.6753
Oversea-Chinese Banking6,179.8156.6430
Bank Islam Malaysia3,642.1463.9111
HSBC Holdings PLC3,482.1773.7421
United Overseas Bank Ltd3,364.4683.6117
Affin Holdings Bhd2,805.1493.0113
Kenanga Investment Bank Bhd2,242.43102.4144
Hong Leong Financial Group Bhd1,879.00112.029
Public Bank1,080.33121.1623
Malaysian Industrial Dev Fin814.00130.871
Bank Muamalat Malaysia400.00140.432
KAF Investment Bank Bhd354.00150.381
Bank Mualamat Malaysia Bhd325.00160.351
Alliance Bank32.00170.031
Industry total93,078.51100.00304
Source: LSEG
Date: 12/03/2024
Period: 12/01/2023 – 12/02/2024
Leading Bond Houses in Malaysia 2023Proceeds (US$ Mil)RankMarket ShareDeals
CIMB Group Holdings Bhd42,497.3132.5121
RHB30,097.4223.097
Malayan Banking Bhd26,183.7320.0116
AMMB Holdings Bhd12,271.949.456
Oversea-Chinese Banking3,379.052.637
Affin Holdings Bhd3,354.262.615
HSBC Holdings PLC3,211.172.524
Bank Islam Malaysia2,913.382.29
United Overseas Bank Ltd2,189.791.78
Kenanga Investment Bank Bhd2,061.5101.644
Hong Leong Financial Group Bhd1,224.611.99
Bank Muamalat Malaysia500.012.42
Public Bank439.013.316
Malaysian Industrial Dev Fin195.014.21
Morgan Stanley120.015.11
Alliance Bank (Malaysia)54.016.02
ING33.017.01
Goldman Sachs & Co25.018.01
Industry Total130,749.6100.0319
Source: LSEG
Date: 12/01/2023
Period: 12/01/2022 – 11/30/2023
Leading Bond Houses in Malaysia 2021Amount (US$ Mil)RankMarket ShareDeals
CIMB Group23,308.9122.896
Malayan Banking22,294.8221.885
RHB18,542.6318.193
AMMB Holdings9,248.549.043
OCBC4,759.054.748
11 Others24,247.4623.9156
Industry Total102,422.0100.0318
Source: Refinitiv
Period: 12/01/2020 – 11/30/2021
Leading Bond Houses in Malaysia 2020Amount (MYR Mil)Market Share
CIMB Group Holdings Bhd29,579.732.1
Malayan Banking Bhd16,914.418.3
RHB15,326.116.6
16 Others29,943.832.7
Subtotal with Book Runner92233.5100
Source: Refinitiv
Period: 12/01/2019 – 11/30/2020
Leading Sukuk Houses in Malaysia 2007 – 2021Amount (US$ Mil)RankMarket ShareDeals
CIMB Group266,331.2132.6499
Malayan Banking164,925.4220.2410
RHB112,669.5313.8392
AMMB Holdings104,501.1412.8308
HSBC Holdings33,952.254.2118
Kenanga Investment Bank21,709.362.7110
Affin Holdings19,768.972.468
Bank Islam Malaysia19,115.482.349
Bank Negara Malaysia17,450.092.121
OCBC14,265.5101.876
15 Others40,857.3115.2203
Industry Total816,599.9100.01,269
Source: Refinitiv
Period: 01/01/2007- 11/30/2021
Leading Sukuk Houses in Malaysia 2021Amount (US$ Mil)RankMarket ShareDeals
Malayan Banking18,994.0123.253
CIMB Group18,286.9222.352
RHB14,776.7318.066
AMMB Holdings7,307.048.933
Bank Islam Malaysia4,596.255.611
11 Others18,065.2621.8108
Industry Total82,025.8100.0192
Source: Refinitiv
Period: 12/01/2020 – 11/30/2021