Affin Investment Bank opens newly renovated branch and introduces new online service

31 October 2013

Klang, Malaysia – Affin Investment Bank (“the Bank”) today announced the official opening of its Stockbroking branch in Klang (“the Branch”), following the completion of renovation and upgrading works. The Branch opening was officiated by the Bank’s Managing Director Puan Maimoonah Hussain, who affirmed the Bank’s commitment to provide better services and facilities to its clients in Klang.

“The investment we are making in the Branch will hopefully create a more welcoming environment for our clients and remisiers to transact their business in. We recognized that providing our staff with a pleasant working environment as a key priority, to help improve staff morale and facilitate better work efficiency,” said Puan Maimoonah.

The Klang Branch has been in operation since 1994 and is the Bank’s largest and oldest branch. The renovation works began in February 2013 and involved 26,000 square feet of space. The work was completed within six months, with minimal disruption to the Branch’s day to day operations.

Upon completion, the Branch’s operations are now consolidated to occupy a single floor in the building as opposed to two floors previously. The renovation also facilitated the relocation of the Bank’s Disaster Recovery Centre from Shah Alam to Klang and the reorganization of the Branch’s IT infrastructure and network, which will improve the Bank’s organisational efficiency in the long term.

In conjunction with the Opening, the Bank also organized a briefing session on eIPO@affinTrade, its latest retail stockbroking product.

eIPO@affinTrade is an Internet share application service tailor-made exclusively for affinTrade clients who have a personal Central Depository System (CDS) account with the Bank. The service provides clients with the convenience of applying for new shares online easy online payment through Trust Account or Margin Financing. eIPO@affinTrade also provides clients with easy access to view the balloted results of the shares applied.

The first IPO offered was Caring Pharmacy Berhad which launched on 18 October 2013. New clients can register for the affinTrade online trading platform at www.affintrade.com and will need to have a valid share trading account with the Bank.