Acquiring Company
Affin Bank Bhd
Acquired Company
PHEIM Asset Management Sdn Bhd
LondonFinanceFintechBankingFinancial ServicesDescription
Affin Bank Bhd has announced its takeover of Pheim Asset Management Sdn Bhd for RM50 million cash. This acquisition marks a strategic move for Affin to re-enter the asset management sector following its previous exit. The bank aims to enhance its business growth and expand its services in the financial sector. This acquisition is part of its broader strategy to increase profit and return on equity.
Quick answer
Affin Bank Bhd is acquiring PHEIM Asset Management Sdn Bhd, announced February 26, 2026. Affin Bank Bhd is based in London, England, United Kingdom.
- How much did Affin Bank Bhd pay for PHEIM Asset Management Sdn Bhd?
- The deal value was not disclosed.
- What does Affin Bank Bhd do?
- Afin Bank was born from a simple idea - to create a bank where our customers feel welcome.
- Where are Affin Bank Bhd and PHEIM Asset Management Sdn Bhd based?
- Affin Bank Bhd is based in London, England, United Kingdom.
- Who are the decision-makers at Affin Bank Bhd?
- Fundz holds 1 contact at Affin Bank Bhd. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Bank of Hope to Acquire SMBC MANUBANK's CBU (March 31, 2026)
- Svatantra Microfin merges with Chaitanya India Fin Credit (March 23, 2026)
- Investar acquires Wichita Falls Bancshares, Inc. (March 19, 2026)
- Plutus Financial to acquire New Providence Acquisition (March 16, 2026)
Who to call at Affin Bank Bhd, and when
When Affin Bank Bhd changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Affin Bank Bhd raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Affin Bank Bhd, from your own LinkedIn network
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Frequently asked
Who acquired PHEIM Asset Management Sdn Bhd?
PHEIM Asset Management Sdn Bhd was acquired by Affin Bank Bhd, based in London. The deal was reported on February 26, 2026. Afin Bank was born from a simple idea - to create a bank where our customers feel welcome. Affin Bank Bhd is privately held and operates in Finance.
When did Affin Bank Bhd acquire PHEIM Asset Management Sdn Bhd?
Affin Bank Bhd's acquisition of PHEIM Asset Management Sdn Bhd was reported on February 26, 2026. Affin Bank Bhd has announced its takeover of Pheim Asset Management Sdn Bhd for RM50 million cash. This acquisition marks a strategic move for Affin to re-enter the asset management sector following its previous exit. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does PHEIM Asset Management Sdn Bhd do?
PHEIM Asset Management Sdn Bhd is an investment management firm in Malaysia that specializes in managing unit trusts and discretionary portfolios. The company is focused on providing investment solutions that cater to its clients' diverse needs. It is privately held, operating in Financial Services.
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