Amundi buys Malaysian fixed income business

Amundi has acquired the RM4 billion ($1.2 billion) fixed income business of Kuala Lumpur-based KAF Group, in a move the French firm says will make it the biggest asset manager in Malaysia, with RM14 billion in AUM. Roslina Abdul Rahman, managing director of Amundi Malaysia, will head the expanded company, reporting to Jenny Sofian, chief executive for Southeast Asia and Australia. Thariq Ahmad, former CEO of KAF Fund Management, will become senior adviser and head of fixed income …