SINGAPORE - Malaysia's second-biggest bank CIMB is launching retail banking business in Singapore on Tuesday and plans to hire an additional 110 bankers in the city-state before the end of 2009.

"We'll be aggressively pursuing a recruitment agenda. We expect to be recruiting an additional 110 professionals before the end of the year," said Mak Lye Mun, CEO CIMB Bank in Singapore said in a statement.

Currently, CIMB Group has a staff of about 1,000 in Singapore.