Affin Hwang sets sights on new heights
It aims to be No 1 in each of its five core units within five years, and to double revenue in the same period.
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FRESH off a significant acquisition last year, Malaysia's Affin Hwang Capital has hefty ambitions to top the tables in investment banking, asset management and equity sales in its home market in five years' time, and double its revenue within the same period.
Maimoonah Hussain, this year's winner of the Singapore Business Awards' best chief/senior executive of a foreign company, will lead the charge, after orchestrating the acquisition by Affin Holdings of the investment banking and asset management assets of HwangDBS for RM1.36 billion (S$507 million) last year.
Says Mdm Maimoonah in an e-mail interview: "Each of the group's five core units - investment banking, asset management, institutional equities, retail equities and operations support - aspires to be No 1 in their respective areas within five years."
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