Acquisition of HwangDBS Investment Bank, Hwang Investment Management and HDM Futures
We are pleased to announce that Affin Holdings Berhad has completed the acquisition of investment banking, asset management and futures businesses of HwangDBS as per
the Conditional Sale and Purchase Agreement signed on 22 January 2014. Effective 07 April 2014, HwangDBS Investment Bank Berhad (“HwangDBS Investment Bank”) will
be a wholly-owned subsidiary of Affin Holdings Berhad, along with Affin Investment Bank Berhad (“Affin Investment Bank”).
This is a significant milestone for our investment banking group and we are now working towards Customer Day, on which HwangDBS Investment Bank
and Affin Investment Bank will merge and become one single entity under the umbrella of the Affin Banking group. This merger is expected to conclude
in September 2014.
Pending the conclusion of the merger, we would like to assure you that there will be no substantial change in operations, policies and procedures for
both HwangDBS Investment Bank and Affin Investment Bank. Our products and services will remain at status quo. We will continue to serve and assist you with
all your business needs.
Should you have any questions, please speak to your Dealer’s Representative or call our Customer Service team at +603-2143-1113 or email us at
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