Wealth and Asset Management
Luxembourg-based private equity firm buys 68% of asset manager
Affin Banking Group has agreed to transfer its controlling stake in Affin Hwang Asset Management Berhad to CVC Capital Partners Asia Fund V. This transaction is expected to be completed in Q3 2022, subject to customary closing conditions, including regulatory approvals. Since its inception in 2001, Affin Hwang AM has…
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