The company, which recently partnered with Nikko Asset Management, Asia’s largest investment management company, said it hopes to achieve this by increasing AUM by at least mry1.6bn each year over the five years. Hwang IM had myr12bn under management at the end of 2011.
In his first media appearance with partner and shareholder Nikko AM, Hwang IM chief executive Teng Chee Wai said having started the company in 2001 with myr20m he believes the plans are achievable within the timeframe.
“Our partnership with Nikko AM can help us to achieve this goal as we are now part of the largest Asia-based regional asset management company, a group that has over $150bn in asset size and a global network, from as far west as New York and London to Asia Pacific in Tokyo, Hong Kong, Shenzhen, Singapore, Mauritius, Mumbai, Sydney, Auckland and Kuala Lumpur,” he said.
