KUALA LUMPUR, Sept 4 (Bernama) -- Asia Pacific Investment Bank (APIB) is committed to the Malaysian government's call to create jobs for its people.

“We want to create more jobs for Malaysians and we want to work with them to create a robust financial sector while contributing to the recovery of the country’s economy post-pandemic,” says Chris Wang, CEO of APIB.

He says the Malaysian education system has successfully cultivated financial experts, especially in the Islamic finance industry. He hopes these talents will join APIB to grow its business and contribute to a more vibrant financial sector.

“We urgently need these talents with traditional investment banking background to join us,” he says. 

APIB is looking to fill in various positions, including investment banking product manager, trade finance product manager, international settlement manager, asset management product manager, Islamic financial product manager, head of direct business department, account manager of direct business department, team leader of wealth management, wealth management consultant, risk manager, legal compliance manager, planning finance manager and more. More details can be found on APIB’s official website (www.apdib.com).

Wang lauded the Malaysian government's decision to implement the Short-Term Economic Recovery Plan (PENJANA) that has contributed to reducing the country's unemployment rate. 

 In June, Malaysia’s unemployment rate was reduced to 4.9% from 5.3% a month earlier. The number of people who lost their jobs was lowered to 52,900 from 73,200 during the corresponding period.

 “The country’s economy is gradually recovering from the pandemic,” he says.

Meanwhile, APIB is partnering with global financial technology (fintech) start-ups to explore new digital finance services to the Malaysian market. It also wants to facilitate the trading of digital assets.

For instance, the bank is working with Ripple, a blockchain technology company, to explore faster and cheaper ways for people and businesses to facilitate cross-border transactions more efficiently at a competitive cost, says Chris Wang, CEO of APIB.   

Wang says such a plan is in line with the vision of the Malaysian government. Prime Minister Tan Sri Muhyiddin Yassin announced that the government would reveal its Digital Economy Masterplan in October to expand all sectors, including the non-manufacturing sector in the country. It is a sign that technology and digitization will be playing an increasingly important role in the Malaysian economy.

 Bursa Malaysia also highlighted several key sectors that will benefit from the digitalization trend during its Invest Malaysia 2020 Conference held on September 1st, adds Wang.

“We believe the financial industry will be in the fast lane in embracing technology and digitalization posts-pandemic. This is another reason APIB is actively recruiting financial experts,” he says. 

APIB is founded by Nanjing Zijin Investment Group Co. Ltd. It established its presence in Labuan in 2015 and obtained Labuan Financial Service Authority's approval to operate as an offshore investment bank in 2017. Its primary businesses include bond underwriting, trade financing, asset management, wealth management, Islamic financing and digital finance. Its main operating office is based in Kuala Lumpur. 

SOURCE: Asia Pacific Investment Bank (APIB)

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--BERNAMA