Malaysian investment bank Maybank Kim Eng have partnered with financial software company IRESS for the provision of multi-asset solutions.

Malaysian investment bank Maybank Kim Eng have partnered with financial software company IRESS for the provision of multi-asset solutions.

The move comes on the back of IRESS expanding its operations and product offerings with the acquisition of Proquote and Pulse Software Systems last month.

The partnership sees IRESS providing Maybank with trading and market data solutions for direct trading to the Singapore Exchange and other key global markets.

IRESS Managing Director for Asia, Jason Hoang, said the partnership is a significant milestone for IRESS and is aligned with its efforts to expand in Asia.

“We are delighted Maybank has selected IRESS to provide a broad range of multi-market and multi-asset solutions in Singapore and internationally, building on the CFD trading solutions IRESS has been providing,” Hoang said.

“We look forward to working closely with and supporting Maybank Kim Eng.”

Maybank’s Regional Head of Retail Equities and Regional Head of Products and Services, Jeffrey Goh, said the bank had identified a growing need to overhaul its global trading capabilities, with innovation in multi-asset solutions seen as a key step for Maybank moving forward.

“Global trading capabilities and innovation are increasingly important. We need a partner in Asia who can help us deliver this broad range of products and services in Singapore and across the region,” Goh said.

“This partnership brings us closer to our goals and further entrenches our position as a leading equities franchise in the region.”