Affin Hwang Capital
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|Headquarters||Kuala Lumpur, Malaysia|
|Maimoonah Hussain, Group Managing Director|
Yaacob Mohd Zain, Chairman
Number of employees
|1,300 (at September 2014)|
Affin Hwang Capital is the brand name of a specialist Malaysian-based investment banking group, formed in September 2014.
The group is composed of two core entities, Affin Hwang Investment Bank Berhad (investment banking and securities) and Affin Hwang Asset Management Berhad (asset management). It is among the largest brokerages and asset managers in Malaysia.
Affin Hwang Investment Bank Berhad is a fully owned subsidiary of Affin Holdings Berhad, a financial services conglomerate, which is listed on the Bursa Malaysia.
Affin Hwang Capital has a partnership with the Japanese investment bank, Daiwa Securities Group.
The business has primary offices in Kuala Lumpur and Penang. As of September 2014, it employs over 1,300 people.
In January 2014, Affin Holdings Berhad announced plans to acquire HwangIB and the asset management and futures businesses of Hwang-DBS. Affin Holdings Berhad paid RM 1,363 million for the acquisition, which was completed on 7 April 2014. The subsequent merger of both entities on 20 September 2014 created a new investment banking group, operating as Affin Hwang Capital.
Aiiman is a subsidiary of Affin Hwang Capital specialising in Shariah-compliant asset management.
Prior to the Affin Holdings and Hwang-DBS corporate exercise, Affin Investment Bank entered into a partnership with Japanese investment bank, Daiwa Securities Group Inc. on 13 December 2013. The agreements of partnership were carried over to Affin Hwang Capital.
- "Affin Hwang Capital begins operations - Business News - The Star Online". Retrieved 9 October 2016.
- "Affin Holdings buys Hwang-DBS IB assets for RM1.36b - theSundaily". Retrieved 9 October 2016.
- Koon, Chong Pooi (22 January 2014). "Malaysia's Affin to Buy Hwang-DBS Bank Assets for $409 Million". Retrieved 9 October 2016 – via www.bloomberg.com.
- "Affin Hwang to buy 100pc of Asian Islamic Investment Management". 19 September 2014. Retrieved 9 October 2016.
- "Daiwa Securities, Affin Investment ink business alliance - Business News - The Star Online". Retrieved 9 October 2016.