PETALING JAYA: Crédit Agricole Asset Management Malaysia Sdn Bhd (CAAM Malaysia), a subsidiary of CAAM Singapore, which in turn is part of the asset management arm of France’s Crédit Agricole group, has received the Securities Commission’s (SC) approval for a capital market services licence and a capital market services representatives licence.
The group’s asset management arm, Crédit Agricole Asset Management Group (CAAM Group), said in a statement yesterday that CAAM Malaysia would be the fourth 100% foreign-owned fund management company to enter the country.