CIMB Group plans to sell partial stakes in its asset management subsidiaries to joint venture partner Principal Financial Group, according to CIMB’s filing with Bursa Malaysia.

CIMB Group plans to sell partial stakes in its asset management subsidiaries to joint venture partner Principal Financial Group, according to CIMB’s filing with Bursa Malaysia.
CIMB-Principal Asset Management has entered into a deal to acquire Thailand’s Finansa Asset Management.
Part of the Mark Allen Group.