Amova Asset Management has completed its acquisition of AHAM Capital, boosting Amova AM’s stake in the Malaysian asset manager to 97.675%. 
The firm has also confirmed its intentions to acquire the remaining 2.325% of AHAM Capital shares.
Amova AM had previously held a 20% stake in AHAM Capital.
Amova AM will leverage AHAM Capital’s local market presence, client base and distribution capabilities as part of the transaction, which is expected to allow the firm to expand its institutional offering across Malaysia and Southeast Asia.
The acquisition comes after the deal was initially announced on 23 December 2025, which saw Amova AM entering a share purchase agreement with CVC Capital Partners – AHAM Capital’s leading shareholder – alongside other shareholders.
Stefanie Drews, president and chief executive at Amova AM, said: “Asia is a key focus of our Global Growth plan, and we are delighted to welcome AHAM Capital as a consolidated subsidiary.
“With the completion of this transaction, we strengthen our capabilities in Malaysia and Southeast Asia, allowing us to work more closely with AHAM Capital while continuing to improve the offering of our products and services globally.”
Currently, AHAM Capital holds approximately RM 103.4 billion in assets under management, and provides investment solutions to clients spanning institutional investors, pension funds, government-linked entities, among others.
Dato’ Teng Chee Wai, managing director of AHAM Capital, said: “This is a significant development for AHAM Capital as we enter our next phase of growth with Amova AM.
“With their support, we are well positioned to expand our offerings and better serve our clients, while providing greater access to regional and global opportunities and continuing to deliver the same level of service and investment discipline our clients expect.”