KUALA LUMPUR: RHB Investment Management Sdn Bhd (RHBIM) and Goldman Sachs Asset Management have inked an exclusive partnership to jointly develop fund management products for distribution to investors in Malaysia.
In a joint statement Friday, Dec 10, RHBIM and Goldman Sachs said the partnership was the first of its kind in the country and would enhance the range of investment products and asset classes available to RHB customers.
The two firms said they would work closely together and share their knowledge of global and local capital markets, product development and client servicing, as well as develop joint marketing initiatives
Head of Goldman Sachs Asset Management in Asia, Oliver Bolitho said Malaysia was a very exciting new market for the firm.
'I cannot think of a better way of launching our business here than partnering with a firm of RHB's strength, experience and wide distribution reach. Together with RHBIM, we will bring a broad range of new ideas to investors in Malaysia,' he said.
RHBIM managing director Sharifatul Hanizah Said Ali said Goldman Sachs Asset Management was a highly regarded global firm.
'We are delighted to be partnering with them and delivering their significant expertise exclusively to Malaysian investors.
'The key rationale behind this agreement is to leverage the strengths of both firms to create value for private and institutional investors' said Sharifatul Hanizah.
Earlier this year, the Securities Commission granted fund management and corporate finance licenses to Goldman Sachs.
In a joint statement Friday, Dec 10, RHBIM and Goldman Sachs said the partnership was the first of its kind in the country and would enhance the range of investment products and asset classes available to RHB customers.
The two firms said they would work closely together and share their knowledge of global and local capital markets, product development and client servicing, as well as develop joint marketing initiatives
Head of Goldman Sachs Asset Management in Asia, Oliver Bolitho said Malaysia was a very exciting new market for the firm.
'I cannot think of a better way of launching our business here than partnering with a firm of RHB's strength, experience and wide distribution reach. Together with RHBIM, we will bring a broad range of new ideas to investors in Malaysia,' he said.
RHBIM managing director Sharifatul Hanizah Said Ali said Goldman Sachs Asset Management was a highly regarded global firm.
'We are delighted to be partnering with them and delivering their significant expertise exclusively to Malaysian investors.
'The key rationale behind this agreement is to leverage the strengths of both firms to create value for private and institutional investors' said Sharifatul Hanizah.
Earlier this year, the Securities Commission granted fund management and corporate finance licenses to Goldman Sachs.
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