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Affin Bank to buy Pheim Asset Management for 50 million ringgit, pending approval, to expand asset management offerings.
Affin Bank of Malaysia agreed to buy Pheim Asset Management for 50 million ringgit, pending regulatory approval, to boost its asset management revenue and product offerings, with the deal expected by March 2026.
Meanwhile, EQT AB partnered with Deutsche Bank to offer its flexible EQT Nexus private markets strategy to investors in Asia, Europe, and the Middle East, providing monthly subscriptions and quarterly redemptions.
In another move, Amundi acquired a 9.9% stake in UK’s ICG and gained exclusive rights to distribute its wealth-focused private market products globally, while Morgan Stanley launched a private markets fund targeting professional investors with a 12% expected return, emphasizing transparency and direct exposure.
These developments reflect a broader trend of private market expansion for high-net-worth clients, though experts caution against rushing into retail-focused products.
Affin Bank comprará Pheim Asset Management por 50 millones de ringgit, en espera de su aprobación, para expandir las ofertas de gestión de activos.