CVC Capital to buy controlling stake in Affin Hwang AM
Private equity firm CVC Capital Partners has agreed to purchase a controlling interest in Affin Hwang Asset Management Berhad (Affin…
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Fund manager MCM expands into Malaysia and Singapore
US-based fund management firm MCM has forayed into two new countries further expanding its global footprint. The New Jersey-headquartered firm…
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Malaysia’s 1MDB sues JPMorgan, Deutsche over $23bn loss
Malaysia’s 1MDB, which recovered more than $3bn from firms including Goldman Sachs, has reportedly pressed charges against firms including JPMorgan…
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Envysion Wealth Management forays into Malaysia with Bill Morrisons tie-up
Singapore-based multi-family office Envysion Wealth Management has reportedly made its entry into Malaysia through a partnership with Malaysia-based integrated financial…
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Malaysia’s Kenanga Investment Bank snaps up i-VCAP Management
Malaysia-based Kenanga Investment Bank has brokered a deal to acquire Shariah-compliant investment management services provider i-VCAP Management, which specialises in…
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Goldman Sachs slashes CEO salary over bank’s role in 1MDB scandal
Goldman Sachs has slashed the annual pay of its CEO David Solomon as a punitive measure for the bank’s role…
Malaysia withdraws 1MDB charges against Goldman Sachs units
Malaysian authorities have withdrawn criminal charges against three subsidiaries of Goldman Sachs for their role in the 1MDB Malaysian state…
Goldman Sachs and Malaysia finalise $3.9bn settlement over 1MDB case
Goldman Sachs has finalised a $3.9bn agreement with the government of Malaysia to resolve allegations linked to the 1MDB state…