The sovereign wealth fund has replaced Shahril Ridza Ridzuan, making it the latest government-linked investment company to change its leader.
Following its deal with Japan's Diam last week, the Malaysian fund house is seeking more manufacturing and distribution partners, with Australia and Europe both on its radar.
Standard Chartered has been named as Maybank Asset Management's trustee for the first sharia-compliant fund on the Asean passporting scheme. Questions hang over when it will be passported outside Malaysia.
The opportunity to service retail and wealthy clients in Asia has fired banks’ ambitions to boost their distribution power. Here are the banks that have made the boldest moves to become regional champions.
The private banking arm of Malaysia's largest bank aims to roll-out its Asian expansion this year, with the hiring of dozens of relationship managers, the opening of a London desk and a new service in Singapore.
Maybank's asset management arm plans to launch two new funds this year and use CIS to passport them to Malaysia and Thailand. The firm is also looking to hire a fund distribution specialist with a regional remit.