MALAYSIA: Amova Asset Management, a Japan-headquartered global asset manager and member of the Sumitomo Mitsui Trust Group, has completed its acquisition of an additional 77.68% equity interest in AHAM Asset Management (AHAM Capital) from CVC Capital Partners (68.35%), Lembaga Tabung Angkatan Tentera or the Armed Forces Fund Board (7%) and AHAM Capital's key management personnel (2.33%), raising its total ownership to 97.68% and making AHAM Capital a consolidated subsidiary. The transaction, first announced on the 23rd December 2025 and approved by the Securities Commission Malaysia and the Financial Services Agency of Japan, brings into the Amova AM fold AHAM Capital's wholly owned Shariah compliant investment arm, AIIMAN Asset Management, which was established in 2008 and delivers end-to-end Shariah investment solutions spanning equities and Sukuk for pension funds, institutions, corporates and individual investors. Amova AM said it will strengthen its participation in the Shariah compliant investment market through AIIMAN, developing offerings tailored to local client needs in a segment it views as a significant long-term growth opportunity.
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