KUALA LUMPUR: Amova Asset Management Co Ltd (Amova AM) has completed its acquisition of an additional 77.67 per cent equity interest in AHAM Asset Management Bhd (AHAM Capital), raising its ownership in the Malaysian asset manager to 97.67 per cent.
Amova Asset Management is a global asset manager founded and headquartered in Japan.
It said in a joint statement today that the acquisition involved shares from CVC Capital Partners, Lembaga Tabung Angkatan Tentera and AHAM Capital’s key management personnel.
In due course, it said that Amova AM intends to acquire the remaining 2.32 per cent of AHAM Capital shares, currently held by AHAM Capital’s management personnel.
"The completion of the acquisition marks a significant milestone in Amova AM’s strategy to strengthen its presence across Asia.
"Both organisations are well positioned for the next phase of growth, combining AHAM Capital’s strong local presence with Amova AM’s global scale and cross-border investment capabilities,” it said.
It said that AHAM Capital is among Malaysia’s top two asset managers, with approximately RM103.4 billion in assets under administration, including its subsidiaries, as at March 31, 2026.
"Building on a long-standing partnership spanning more than 15 years, the transition of AHAM Capital into a consolidated subsidiary of Amova AM paves the way for closer collaboration and continued growth for both organisations.
"By leveraging AHAM Capital’s established market position, diversified client base and proven distribution capabilities, Amova AM is well positioned to further expand its offering of progressive solutions across institutional, intermediary, high-net-worth and retail segments in Malaysia and Southeast Asia,” it said.
It added that both firms will adopt a co-branding strategy in Malaysia. - Bernama
