KUALA LUMPUR: Amova Asset Management Co Ltd (Amova AM) has entered into a conditional share purchase agreement to raise its stake in AHAM Asset Management Bhd (AHAM Capital) to 97.7% from 20%, subject to regulatory approvals and customary closing conditions.
In a statement, AHAM Capital said it will continue to operate as usual under the continued stewardship of its existing management and leadership team.
Clients can expect seamless continuity supported by the same teams, alongside enhanced access to innovative solutions and broader regional connectivity through Amova AM, one of Asia’s largest asset management firms.
Established in 2001, AHAM Capital, together with its wholly owned Islamic fund management arm, AIIMAN Asset Management Sdn Bhd, has surpassed RM100bil in assets under management as at Nov 30, 2025.
AHAM Capital serves clients across the retail, mass affluent, corporate, government-linked and institutional segments, and ranks among the top three asset managers in Malaysia.
Amova AM president and CEO Stefanie Drews said the acquisition of a leading asset manager in a growth market is transformational and marks a pivotal milestone in Amova AM’s journey to connect Asia with global markets.
“We are proud that this follows so soon after our global rebrand earlier this year. By integrating AHAM Capital’s local expertise and Shariah investment capabilities with Amova AM’s global scale and innovation, we will deliver differentiated solutions for our clients and accelerate growth across public, private and Islamic investment segments. This strategic move underscores our ambition to lead in Asia while expanding our global reach.”
Meanwhile, AHAM Capital managing director Datuk Teng Chee Wei said Amova AM has been a longstanding and trusted partner since 2011, adding that the firm remains committed to ensuring the integration delivers meaningful benefits through strengthened capabilities, innovative offerings and access to a wider regional network.
“Under the continued stewardship of our management team, we remain focused on continuity and delivering long-term value for our clients and partners who place their trust in us.”
