Manulife buys Malaysian fund house

Nov 14, 2013

MAAKL Mutual will add more than 50% across 27 funds to the Canadian firm’s Malaysian assets under management, and quadruple its agency sales force.

Manulife Holdings has agreed to acquire 100% of MAAKL Mutual, part of Kuala Lumpur-based MAA Group, which will boost its Malaysian assets to RM7 billion ($2.19 billion) and make it one of the country’s top 10 unit trust firms.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?

See here for more information on licences and prices, or contact [email protected]