OCBC invests RM60m in homegrown advisory firm YYC Group

From left: Yap Zhi Chau, chairman of YYC Group; Datin Yap Shin Siang, CEO of YYC Group; Daniel Kwan, global head of mezzanine capital unit, OCBC Ltd; Jeffrey Teoh, managing director and head of corporate and commercial banking, OCBC Bank (Malaysia) Bhd; Wong Chee Seng, head of merging business, OCBC Bank (Malaysia) and Datuk Ong Eng Bin, CEO of OCBC Bank Malaysia at the YYC Group and OCBC Bank press conference on Aug 7, 2019.

KUALA LUMPUR: Singapore-based OCBC Ltd, via OCBC Bank (Malaysia) Bhd and Lion- OCBC Capital Asia Fund I (LOCAF I), has invested about RM60 million in YYC Holdings Sdn Bhd (YYC Group), a homegrown advisory firm.

LOCAF I is a private equity fund created by OCBC Ltd’s mezzanine capital unit (MCU) and asset management subsidiary Lion Global Investors.