Posted inBusiness moves

Threadneedle gets OK for Malaysia ops

Threadneedle is to begin offering its asset management services in Malaysia after receiving local regulatory approval.
Fund Selector Asia

The asset manager said it is now able to offer Shariah compliant capabilities to institutional investors including sovereign wealth funds, pension funds, insurance companies, government/quasi-government entities, corporates and charities.

Syed Elias Alhabshi, who has been a senior adviser to Threadneedle in Singapore since September 2011, has been appointed chairman for Malaysia.

Mohd Farid bin Kamarudin, chief executive for Malaysian operations also assumes additional role of senior fixed income fund manager.

In October, the investment manager announced its plans to foray in the Malaysian market.

Threadneedle is owned by Ameriprise Financial, a US diversified financial services company. It established a presence in Asia in 2008 and has offices in Singapore and Hong Kong, Taiwan and Malaysia.

Part of the Mark Allen Group.