| 1970 |
The birth of the
Bank:
Chartered Merchant Bankers Malaysia Berhad |
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Affin Investment Bank
Berhad (“Affin Investment or the Bank”) is the
first merchant bank to be incorporated in Malaysia. It was
incorporated in 1970 as Chartered Merchant Bankers with The
Chartered Bank (now known as Standard Chartered Bank Bhd)
holding 51% shares in the Bank. The other shareholders were
Arbuthnot Latham & Co Ltd (34%) and Sime Darby Investment
Services Ltd (15%). |
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| 1974 |
Change
of shareholding structure |
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In 1974, the Bank's shareholding structure
changed when 3 local institutions took over ownership of
70% of the Bank's equity while The Chartered Bank retained
the remaining 30%. The 3 conglomerates were MISC Bhd
(formerly known as Malaysian International Shipping Corporation
Berhad”) 35%, Lembaga Tabung Angkatan Tentera (“LTAT”)
30% and Koperasi Pegawai Pegawai Melayu (“MOCCIS”)
5%. |
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| 1982 |
Change of name to Permata Chartered Merchant
Bank Berhad |
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In 1982, the Bank's name changed to
Permata Chartered Merchant Bank Berhad. The word "Permata"
was added to reflect the name of the Malaysian shareholders.
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| 1989 |
Change of name to Permata Merchant Bank
Berhad |
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| |
In 1989, LTAT acquired The Chartered Bank's 30% stake in
the Bank, which made the Bank a 100% locally owned Bank. In
line with the move, the Bank was then renamed to Permata Merchant
Bank Berhad. |
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| 1996 |
Change of name to Perwira
Affin Merchant Bank Berhad |
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In early
1996, the Bank's name changed to Perwira Affin Merchant
Bank Berhad to reflect the significant shareholding by Affin
Holdings Berhad i.e. 63.2%. The remaining 36.8% shareholding
was held by MISC Enterprises Holdings Sdn Bhd. |
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| 2001 |
Change of name to Affin Merchant Bank
Berhad |
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In March 2001, the Bank was renamed Affin Merchant Bank
Berhad to reflect its position as part of the Affin Group.
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| 2005 |
Change of shareholding structure |
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In December 2005, Affin Holdings Berhad
acquired the remaining 36.8% interest in the Bank from MISC
Enterprises Holdings Sdn Bhd, thus, turning the Bank into
its wholly-owned subsidiary. |
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| 2006 |
Transformation into Affin Investment Bank
Berhad |
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2006 was a year of change for us. Firstly, we changed our name from Affin Merchant Bank Berhad into Affin Investment Bank Berhad, which came with a transformation of our logo to synergise with Affin Holdings Group's (The Group) rebranding exercise. The name change followed with the building and growing of a wider business base needed for the creation of a synergistic investment banking model for this market. This marked a significant step forward by the Bank as it took on the lead role in rationalising The Group's investment banking related business under one single roof. As part of the rationalisation programme, the former businesses of Affin Discount Berhad and Affin Securities Sdn Bhd were transferred to the Bank in 2006 and early 2007 respectively. The Bank also acquired Affin Fund Management Sdn Bhd and Affin Trust Management Berhad from Affin Holdings Berhad in 2006 to complete the transformation into a full-fledged Investment Bank.
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