This acquisition is a natural step in Amundi’s development following 6 years’ presence in the Malaysian equities market and 4 years on-the-ground experience in the sukuk product offering.
Through this acquisition, Amundi will:
- significantly expand its expertise in global and local sukuk management to include local conventional fixed income capabilities;
- strengthen its overall investment offerings which now cover equity and fixed income in both Shariah and conventional products;
- enhance the development of Amundi’s presence in the Southeast Asia region with strong capabilities to adapt and customize its investment solutions for its institutional and retail clients.
Following the acquisition, KAF Fund Management’s fixed income business is taken over by Amundi Malaysia, which will henceforth manage more than USD4.3 billion* of assets becoming the top foreign asset management firm in the country.