CIMB chief executive Dato’ Sri Nazir Razak has used an annual CIMB conference to rule out further big acquisitions in Asia in the near term, but said CIMB was still keen on RBS’s half share of retail broker RBS Morgans.

While it is understood that no one from RBS Morgans was in Malaysia for the conference, the CIMB Australia leadership team-to-be including country head Nick Rowe, chairman Simon Perrott and head of equities Randolf Clinton, each made the trip north.