Amundi buys Malaysian fixed income business
Amundi says the acquisition of local player KAF Fund Management will make the French firm the biggest foreign asset manager in Malaysia.
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.
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