Affin Hwang Capital: A Comprehensive Guide

Affin Hwang Capital is a leading investment bank and securities firm in Malaysia, with a rich history dating back to 1997. It was formed through the merger of two prominent financial institutions: Affin Investment Bank and Hwang Capital.

Affin Hwang Capital offers a wide range of financial services, including investment banking, stockbroking, and asset management. Its investment banking arm provides advisory services on mergers and acquisitions, equity and debt financing, and other corporate transactions.

The firm has a strong presence in the Malaysian market, with a network of branches and offices across the country. Its experienced team of professionals has helped numerous clients achieve their financial goals, from individuals to large corporations.

Affin Hwang Capital is committed to delivering exceptional service and value to its clients, with a focus on long-term relationships and growth.

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Affin Hwang Capital has a rich history that dates back to 2014. In January of that year, Affin Holdings Berhad announced plans to acquire Hwang-DBS Investment Bank Berhad and the asset management and futures businesses of Hwang-DBS for RM1,363 million.

The acquisition was completed on 7 April 2014, and the subsequent merger of Affin Investment Bank Berhad and Hwang-DBS was completed on 22 September 2014, creating a new investment banking group, Affin Hwang Investment Bank Berhad, operating under the brand name of Affin Hwang Capital.

Prior to the formation of Affin Hwang Capital, Affin Investment Bank entered into a partnership with Japanese investment bank, Daiwa Securities Group Inc. on 13 December 2013, which was carried over to Affin Hwang Capital.

In 2015, Affin Hwang Capital entered a strategic business alliance with Thai-based Thanachart Securities PCL for collaboration in institutional equities trading and research. Thanachart Securities is a wholly owned subsidiary of Thanachart Bank.

In 2016, Affin Hwang Capital signed a business alliance with PT Bahana Securities, a wholly owned securities subsidiary of PT Bahana Pembinaan Usaha Indonesia. This joint distribution and marketing agreement enables Affin Hwang Capital to work jointly with Bahana to distribute Indonesian securities to clients in Malaysia.

Here's a brief overview of Affin Hwang Capital's key business partnerships:

At Affin Hwang Capital, leadership is a vital aspect of their success. Tan Ri Ming is the current Chief Executive Officer (CEO) of Affin Hwang Capital.

Tan Ri Ming has extensive experience in the financial industry, having held various leadership positions in the past. He is well-equipped to lead the company forward.

Affin Hwang Capital's appointment of Tan Ri Ming as CEO is a strategic move to enhance their market presence and competitiveness. His appointment has helped the company to expand its business and increase its market share.

Affin Hwang Capital's leadership team is comprised of experienced professionals who have a deep understanding of the financial industry. They work together to make informed decisions that drive the company's growth.

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Affin Hwang Capital has been recognized as the Best Investment Bank in Malaysia by The Asset for several years.

The company's research team provides in-depth analysis and recommendations on various sectors, including consumer staples and technology.

Affin Hwang Capital has a strong presence in the Malaysian market, with a wide range of financial products and services.

Their team of experts has a proven track record of delivering successful investment strategies to clients.

The company's commitment to providing excellent service and advice has earned them a loyal client base.

Affin Hwang Capital's financial performance has shown significant improvement in recent years. In FY2023, the bank's pre-tax profit jumped 68% year on year to RM92.5 million from RM55.2 million.

The bank's revenue grew 5.3% to RM240.6 million from RM228.5 million a year earlier, making up 12.12% of Affin group's total revenue in FY2023. This growth can be attributed to higher operating income representing fees and commissions, and net gain on financial instruments and other income, which rose to RM176 million from RM139.7 million.

The bank's focus on growing its main business in both the equity capital markets (ECM) and debt capital markets (DCM) has contributed to its improved financial performance. In the past, the bank had been focusing on quality initial public offerings, and the results can be seen in its IPO deals that have good track records.

The listing of Oppstar Bhd, which was the best performing IPO in 2023, and had the highest public subscription in terms of value, is a notable example of the bank's success in this area.

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