MALAYSIA: Affin Bank is buying Pheim Asset Management for RM50 million (US$12.03 million) in cash, in its bid to become a universal bank, it announced in a filing with Bursa Malaysia, reported The Edge. Pheim has subsidiaries in Islamic asset management and unit trust management.
Categories:
Asset ManagementRestricted Access
Login to continue reading (existing subscriber)
Subscribe NOW and get:
- Gain unlimited access through all key operating platforms
- Full access to all listed Islamic funds & fund profiles
- Unlimited access to all Islamic fund managers
- Access to all exclusive articles, reports, podcasts & videos
- Complimentary access to all IFN Investor Forums
