Danaharta one of East Asia’s most successful asset managers, says BIS

NATIONAL asset management company (AMC), Pengurusan Danaharta Nasional Bhd, has been hailed as one of the more successful AMCs in East Asia in a study by Bank for International Settlements (BIS). 

In a paper on public asset management companies in the region, BIS said since the regional financial crisis in 1997, Asian AMCs have taken over substantial volumes of non-performing loans (NPLS), amounting to some 6% to 20% of 2002 gross domestic product.