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Hirobumi & Partners Acquires Asset Management Business of Asabanamex

04-24-2019 11:04 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Hirobumi Partners

Asabanamex had several branches in Malaysia and provided wealth management products and services to over 100,000 clients

Hirobumi & Partners, a leading asset management corporation that provides an extensive range of products and effective services, today announced that it would acquire the asset management business of business of Asabanamex, subject to regulatory approvals and closing conditions.
Hirobumi & Partners and Asabanamex will enter into an allocation agreement on the closing of the transaction. This will offer asset management products of Hirobumi & Partners to Asabanamex clients in Malaysia.
This transaction will enable Hirobumi & Partners to provide its services in the Malaysian market. Hirobumi & Partners’ business in Malaysia mostly focused on institutional clients and offers risk management products and services across asset classes, geographies, and strategies.
The agreement builds upon long-term trust and understanding between Hirobumi & Partners and Asabanamex. It brings two firms together to offer enhanced technology, an array of products, and improved investment capabilities for their clients.
Statement of heads of both firms on this acquisition
Harunobu T. Masuda, Chief Executive Officer said that the ambition of Hirobumi & Partners is to a one-stop destination for all financial services in Malaysia. This transaction brings them one step closer to their goal. The acquisition of Asabanamex’s asset management division is a step in the forward direction towards a larger cause. They believe that this move will help them deliver the best investment solutions to their clients in Malaysia.
Amir Hussain, the CEO Asabanamex said that their goal is to create a company with a focus on delivering smarter, richer, and more intuitive user experience. The agreement with Hirobumi & Partners will help them deliver on their commitment and will offer their clients the best asset management services in Malaysia. They are excited by the opportunities that the transaction brings and are looking forward to working with Hirobumi & Partners.
The transaction is expected to close by the end first half of 2019. The material earnings of either group won’t be impacted considerably by this deal.

About Hirobumi & Partners
Hirobumi & Partners is a multi-faced asset management company with a wide range of investment strategy that can be accesed by all types of investors. The company understands the importance of individual investors, startups and entrepreneurship for the development of the economic conditions of the country. Hirobumi & Partners is a competent company that brings up new dimensions in the field of investment and helps in the growth of the business sector. It plays a significant role in bringing out the best potential out of the competent young and aspiring entrepreneurs by providing them with expertise and scale to assist in achieving their financial goals.

Hirobumi&Partners
Shiodome City Center, 5-2, Higashishinbashi 1, 105-0021, Tokyo, Japan
public@hirobumi.com
Bunta Endo

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