Boustead
Group's Finance & Investment Division is spearheaded by
AFFIN Holdings Berhad, which the Group acquired a 30% stake
in 1992. AFFIN Group is a major home-grown financial services
conglomerate. The Group's primary activities focus on the
provision of commercial, islamic and investment banking services,
money broking, fund management, underwriting of general and
life insurance business.
AFFIN Group
of Companies comprise AFFIN Bank Berhad, AFFIN Islamic Bank
Berhad, AFFIN Investment Bank Berhad, AFFIN Fund Management
Berhad, AFFIN Moneybrokers Sdn Bhd, AFFIN Insurance Brokers
Sdn Bhd, AXA AFFIN Life Insurance Berhad and AXA AFFIN General
Insurance Berhad.
Incorporated
in 1975, AFFIN Bank Berhad serves both retail and corporate
customers. Its business units comprise Business Banking, Consumer
Banking, Treasury and Islamic Banking (via its wholly-owned
subsidiary AFFIN Islamic Bank Berhad. Consumer banking provides
credit cards, personal loans, mortgages and deposit-taking services
to individuals. Business Banking offers corporations, institutional
clients and SMEs services in corporate banking, contract financing,
cash management and trade finance. Business Banking serves as
an important feeder to the other business units by way of contacts
and opportunities. Its internet banking services are at affinOnline.com.
To date, it has a network of 88 branches nationwide with a headquarters
located at Menara Affin Kuala Lumpur.
www.affinbank.com.my
AFFIN Islamic Bank Berhad is the Islamic banking subsidiary
of AFFIN Bank Berhad. It offers a complete range of Islamic
Banking products and services encompassing the areas of enterprise
and consumer banking.
AFFIN
Investment Bank Berhad has a pedigree spanning more than
three decades. Incorporated in 1970, it was a pioneer in Malaysia's
merchant banking business. It provides full fledged investment
banking services offering comprehensive financial solutions
ranging from Corporate Advisory, Debt and Equity Capital Markets,
Treasury & Investments Products, Stockbroking as well as
Asset and Fund Management.
www.affininvestmentbank.com.my
AFFIN
Fund Management Berhad (formerly known as AFFIN Fund Management
Sdn Bhd) is a wholly-owned subsidiary of AFFIN Investment Bank
Berhad. It manages investment management portfolios for a variety
of clients ranging from government institutions, IRB's Approved
Pension Funds, Semi-Government Agencies, State Government Agencies,
private corporations, unit trust schemes and high net worth
individuals. AFFIN Fund Management Berhad also manages AFFIN
Equity Fund (AEF), Dana Islamiah AFFIN (DIA) an Islamic balanced
fund and a bond fund called AFFIN Capital Fund (ACF).
www.affinfund.com.my
AFFIN Moneybrokers Sdn Bhd operates money broking
business in the country under the supervision of Bank Negara
Malaysia. Its principal activity is to act as intermediaries
or arrangers of deals between authorised financial institutions
in foreign exchange and domestic money market.
www.affinmoneybrokers.com.my
Incorporated in February 2006, AXA AFFIN Life Insurance
Berhad (AXA AFFIN) is a joint venture company between AXA
Asia Pacific Holdings Ltd and AFFIN Holdings Berhad. AXA AFFIN
is part of the global AXA Group that has business presence in
Europe, North America, Africa and Asia Pacific, with more than
110,000 employees worldwide. Leveraging on the AXA Group strength
as a financial protection and wealth management expert, AXA
AFFIN is focused on helping individuals manage risk and achieve
their financial goals.
www.axa-affin.com
Other companies in the Finance & Investment Division sector
include Boustead Credit Sdn Bhd, BH Insurance (M)
Bhd and Boustead REIT Managers Sdn Bhd.
Boustead
Credit Sdn Bhd is a credit company offering hire purchase
and leasing facilities. Its main business activities are in
hire purchase financing of motor vehicles; leasing of equipment
and financing of consumer durables. The company operates on
4 locations namely in Brickfields - Kuala Lumpur, Selayang -
Selangor, Skudai - Johor Bahru and Perai - Butterworth.
BH Insurance (M) Bhd is 80% owned by Boustead Holdings
Bhd and 20% owned by Felda Marketing Services (M) Bhd. The company
transacts a wide range of general insurance solutions for commercial
businesses and personal protection.
The
company is among the earliest insurance companies in the country
to achieve more than RM100 million Paid Up Capital. It employs
over 300 employees throughout its Head Office in Kuala Lumpur
and Branch Offices in all the major towns and cities across
Malaysia.
www.bhinsurance.com.my
Boustead
REIT Managers Sdn Bhd is responsible for the management
and administration of Al-Hadharah Boustead REIT an Islamic plantation-based
real estate investment trust (REIT).
www.al-hadharahboustead.com.my