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RHB OSK eyes more acquisition to expand footprint in Hong Kong and China

Singapore-based RHB OSK Asset Management, a subsidiary of RHB Investment Bank (RIBB), is planning more joint ventures (JVs) and acquisitions in Hong Kong and China through its Hong Kong subsidiary.

RHB Holdings Hong Kong provides securities and derivatives trading for Hong Kong and global markets, corporate finance, asset and wealth management.

RHBAM group managing director and regional head Eliza Ong was quoted by thesundaily.my as saying that the group will be looking at the countries where it is operating (Malaysia, Singapore, Hong Kong and Indonesia) for expansion and the activation of licenses in Cambodia and Thailand ‘at the right time’.

"We’ve looked at some possible targets in Indonesia, Hong Kong and Taiwan. We are in talks with a few parties, regionally and globally, Ong told the news portal during said at a media briefing on the completion of the merger between RHB Investment and OSK-UOB Investment.

Most recently, RHB Investment Management successfully completed merger with Osk-uob Investment Management on 1 December 2013, and looking to expand its footprint in Asean region.

The integrated entity has been rebranded as RHB Asset Management and will be headed by is led by Eliza Ong as the managing director/regional head of Group Asset Management.

RHB Asset Management has a total of RM40.1bn asset under management (AUM) across the region, with a work force of 300 staff operating from its offices across Malaysia, Singapore, Hong Kong and Indonesia.