More News
RETAIL FINANCIAL SERVICES | Cesar Tordesillas, Malaysia
view(s)

ING sells Malaysia fund management biz

ING has agreed to sell its Malaysian investment management business to Kenanga Investors Berhad.

No financial details were given, but ING said the sale of its 70 per cent stake would have no material impact on its results. ING’s joint venture partner Tab Inter-Asia Services Sdn Berhad has also agreed to sell its 30 percent stake to Kenanga.

ING said its Malaysian fund management business managed about €500 million or RM2 billion of assets for third parties.

For more.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.