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Boustead Group's Finance & Investment Division is spearheaded by AFFIN Holdings Berhad (AHB) in which the Group currently owns a 21% stake. AHB and AFFIN Bank Berhad (ABB) undertook a reorganisation exercise in 2017 which saw the positioning of ABB as the new holding company of the reorganised Affin Group. This also entailed AHB’s listing status on the Main Market of Bursa Malaysia Securities Berhad being transferred to ABB. The transfer of listing status was completed on 2 February 2018, with the withdrawal of AHB's listing status and admission of ABB to the Official List of Bursa Securities.

The AFFIN Group is a local financial services conglomerate which provides a full range of financial solutions. This includes commercial, Islamic and investment banking, stock broking, money broking, fund and asset management, as well as general and life insurance.

The AFFIN Group of Companies comprises AFFIN Bank Berhad, AFFIN Islamic Bank Berhad, AFFIN Hwang Investment Bank Berhad, AFFIN Hwang Asset Management Berhad, AFFIN Moneybrokers Sdn Bhd, AXA AFFIN Life Insurance Berhad and AXA AFFIN General Insurance Berhad. 

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AFFIN Bank Berhad (AFFINBANK) commenced operations in January 2001 following a merger between the former Perwira Affin Bank Berhad and BSN Commercial (M) Berhad in August 2000. In June 2005, it merged with the former Affin-ACF Finance Berhad. To date, it has a network of more than 100 branches nationwide in Malaysia.

AFFINBANK provides a suite of financial products and services which caters to both retail and corporate customers. Target business segments are categorised in accordance with the portfolio of customers under key business units such as Business Banking, Consumer Banking and Treasury. Business Banking offers services in corporate banking, contract financing and trade finance to corporations, institutional clients and SMEs. Consumer Banking provides credit cards, personal loans, mortgages, savings/current and deposit taking services as well as hire purchase loans to individuals.

Our tagline of “Banking Without Barriers” signifies the removal of boundaries within the processes of the Bank as well as in its attitude in servicing its customers. The latter means reaching out to customers, improving relationships with them, making each one of them feel privileged and enhancing services for them. Simply put, AFFINBANK is embracing a new approach to banking and changing the face of conventional banking.

AFFINBANK's Islamic banking subsidiary Affin Islamic Bank Berhad (AFFIN ISLAMIC) commenced operations on 1 April 2006. As a full-fledged Islamic bank, AFFIN ISLAMIC has 9 branches and offers a complete range of Islamic Banking products and services encompassing the areas of Business and Consumer Banking in compliance with Shariah principles and laws.

AFFIN Islamic Bank Berhad (AFFIN ISLAMIC) began its business in 1993 as the Islamic banking arm of AFFINBANK. In 2005, the Islamic Banking Division of AFFINBANK was incorporated as a separate entity and AFFIN ISLAMIC started operating as a standalone Islamic bank effective 1 April 2006. With an authorised and paid up capital of RM1 billion and RM160 million respectively, AFFIN ISLAMIC is a wholly-owned subsidiary of AFFINBANK.

In line with Malaysia’s Financial Sector Masterplan that aspires to transform the country into a global hub for Islamic Financial Services, AFFIN ISLAMIC continuously conducts research and development into new financial products and services that are capable of competing in the global financial arena.

In April 2008, AFFIN ISLAMIC became the first domestic Islamic bank in Malaysia to enter into a Musharakah agreement with a notable developer in Pulau Pinang. In May 2008, AFFIN ISLAMIC successfully launched its Islamic debit MasterCard, the first in the Asia Pacific region.

As a pioneer in Islamic banking for both traditional Islamic consumer and business financing products, AFFIN ISLAMIC also offers a wide array of consumer products and services to cater for the different needs of individual clients. Meanwhile, AFFIN ISLAMIC’s Business Banking offers Shariah compliant business products and services from short to long term financing requirements including syndicated financing, project financing, trade finance and treasury products to all business enterprises ranging from small businesses to large corporations. Customers of AFFIN ISLAMIC include government bodies, corporations, financial institutions and both local and international investors.

Going forward, AFFIN Islamic will also move into distinct Islamic banking areas with innovative wealth and asset management products to create a more diverse Islamic asset portfolio.

Affin Hwang Capital is an investment banking group operating from both our primary offices in Kuala Lumpur and Penang. Our multi-product teams cover both retail and institutional clients.

GLCs and mid-to-large-cap corporations form the core of our institutional client business. To these organisations, Affin Hwang Capital offers high quality advisory and execution services across investment banking, institutional securities and asset management.

For individuals, we focus on proactively growing wealth through our unique asset management approach. Our retail securities team delivers convenience, value and premium service.

We value long-term relationships with our clients, emphasising trust, flexibility, collaboration and independent thinking. As one of Malaysia’s leading bank-backed investment banking groups, we use our expertise to continually tackle the most compelling financial challenges and deliver pioneering solutions to our clients. Affin Hwang Capital is part of the AFFIN Group.

AFFIN Moneybrokers Sdn Bhd operates a 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.

Incorporated in February 2006, AXA AFFIN Life Insurance Berhad (AXA AFFIN) is a joint venture company between AXA Asia Pacific Holdings Ltd and the AFFIN Group. AXA AFFIN is part of the global AXA Group that has a business presence in Europe, North America, Africa and Asia Pacific, with more than 110,000 employees worldwide. Leveraging on the AXA Group’s strength as a financial protection and wealth management expert, AXA AFFIN is focused on helping individuals manage risk and achieve their financial goals.

Other companies in the Finance & Investment Division are Boustead Credit Sdn Bhd, The University of Nottingham in Malaysia Sdn Bhd, Boustead Travel Services Sdn Bhd, Boustead Shipping Agencies Sdn Bhd, Kao (Malaysia) Sdn Bhd, Cadbury Confectionery Malaysia Sdn Bhd, Drew Ameroid (Malaysia) Sdn Bhd and Asia Smart Cards Centre (M) Sdn Bhd.

Boustead Credit Sdn Bhd is a credit company offering hire purchase financing for motor vehicles, commercial vehicles and consumer durables. The company operates on three locations namely, Brickfields - Kuala Lumpur (Head Office), Skudai - Johor Bahru, and Perai - Butterworth.

The University of Nottingham Malaysia (UNM), a branch campus of the University of Nottingham UK, was founded in 2000 and is the first full international campus of any UK university. It occupies a 125-acre purpose-built site south of Kuala Lumpur. UNM is currently home to almost 5,000 students who receive an identical education and degree certificate to their fellow students in the UK and China.

UNM is led by a diverse body of local and international academic staff, many of whom are seconded from the UK Campus. Students benefit from small class sizes and all students are assigned a personal tutor. Many students have the opportunity to study abroad at a Nottingham campus in the UK or China or with one of our global exchange partners.

finance investment

Employers recognise Nottingham graduates as talented and highly-qualified. The University has a strong alumni network and industry partners offering internships, careers guidance and diverse employment opportunities.

UNM was rated ‘excellent’ in ‘Setara’ - the Rating System for Malaysian Higher Education, in 2009 and 2011. UNM was granted ‘Self-Accrediting Status’ by the Malaysian Ministry of Higher Education in 2010. Self-accreditation is only awarded to mature institutions with a well-established reputation for delivering the very best degree programmes.

Boustead Travel Services Sdn Bhd (BTS)
Founded in the 1940s, Boustead Travel Services (BTS) is a reputable Travel Management Company (TMC) which received its IATA accreditation in 1948. Headquartered in the heart of Kuala Lumpur, Malaysia, BTS has branches in Shah Alam and Petaling Jaya. The company has been dedicated in offering service efficiency for the past 65 years. To date, over 400 corporate clients comprising multinationals, SMI companies and an assortment of business associates across the nation are using its travel management services. From a humble beginning, BTS has now established itself as a leading provider of corporate travel management services in Malaysia.

finance investment

Although its primary business is in corporate ticketing, the company also offers an extensive range of travel and tour related products and services such as hotel accommodations, transportation and tour packages. There is also a dedicated team to organise meetings, incentives, conventions and exhibitions (MICE). BTS was the first appointed General Sales Agent for RailEurope in Malaysia more than 25 years ago, making it the preferred RailEurope ticketing agent by consumers and agencies alike. In addition, BTS has also earned numerous accolades from major airlines and business partners.

In order to cope with the changing market conditions and demands, the company constantly strives to provide superior products and services. Providing valuable consultation is its priority to ensure that travellers are thoroughly educated on the product and well equipped to complete their journey. The company's presence on the World Wide Web www.bousteadtravel.com further expands its distribution channels, making it accessible to virtually everyone, everywhere.

Despite the increasing challenges faced in the travel & tourism industry, Boustead Travel Services and its 80 strong and experienced personnel has managed to uphold its unwavering performance and will continue to do so for years to come.

Boustead Shipping Agencies Sdn Bhd has established itself as a leader in Malaysia's transportation industry via its shipping and logistics activities. Since the company’s inception over 170 years ago, it continues to uphold its commitment to providing high levels of service and meeting customers' evolving needs, driven by a highly capable team.

The company offers fully integrated services, comprising shipping agencies, logistics, and sea and air freight forwarding. It has offices in Port Klang and Kuala Lumpur International Airport (KLIA), encompassing strategic gateways via sea and air in Malaysia.

Our Logistics Division has over 25 years of experience in the industry. We are equipped with EDI links to Customs and Port Authorities to render prompt and efficient customs clearance services and goods deliveries.

The Division also provides a total package concept, including advisory and consultation work on duty exemption applications and duty drawbacks, as well as customs clearance, project cargo, freight brokerage (NVOCC), marine cargo insurance and a multi-modal transport concept of door-to-door deliveries.

In addition, we provide shipping and husbandry services to various principals such as cruise liners, navy vessels, container vessels and conventional vessels.

Our Air Freight Division in KLIA provides air freight handling services for delivery of cargo across the globe. The company is well-equipped with a network of associated agents around the world and a team of dedicated staff to provide personalised services for our clientele.

Boustead Shipping Agencies also offers a wide range of shipping and husbandry services to cruise liners and navy vessels to complement the port facilities and services provided at Boustead Cruise Centre.

finance investment

Boustead Cruise Centre Sdn Bhd (BCC) is a dedicated cruise terminal in Port Klang, Malaysia. It is effectively the cruise terminal for the country’s capital Kuala Lumpur, one of the world’s most visited cities. BCC is frequently used by international cruise lines including Royal Caribbean, Star Cruises, Princess Cruises, Cunard Lines, Costa Cruises and Carnival Cruise Lines among others. It is also frequented by visiting foreign naval vessels including aircraft carriers.

The terminal is equipped with state of the art facilities and amenities for the comfort of passengers and terminal users including air-conditioned buildings, linked bridges for embarkation and disembarkation, covered walkways connecting wharfside and terminal, ATMs, foreign exchange counters, mini museum and galleries, restaurants, souvenir and gift shops and duty free outlets. Ample parking space is also available for cars and buses besides counters for taxi service.

Kao (Malaysia) Sdn Bhd is a joint venture with Kao Corporation of Japan markets a wide range of well known toiletries and household consumer products.

finance investment

Cadbury Confectionery Malaysia Sdn Bhd produces leading brands of chocolate and sugar confectionery for the Malaysian market.

Drew Ameroid (M) Sdn Bhd is another successful joint venture business set up for the distribution of industrial water treatment chemicals and systems.


Finance & Investment List of Companies

AFFIN Bank Berhad Boustead Travel Services Sdn Bhd
AFFIN Hwang Capital Boustead Shipping Agencies Sdn Bhd
AFFIN Hwang Investment Bank Berhad Cargo Freight Shipping Sdn Bhd
AFFIN Hwang Asset Management Berhad Bestari Marine Sdn Bhd
AFFIN Islamic Bank Berhad AB Shipping Pte Ltd
AFFIN Moneybrokers Sdn Bhd Boustead Shipping Agencies(B) Sdn Bhd
AXA AFFIN General Insurance Berhad Kao (Malaysia) Sdn Bhd
AXA AFFIN Life Insurance Berhad Cadbury Confectionery Malaysia Sdn Bhd
Boustead Credit Sdn Bhd Drew Ameroid (Malaysia) Sdn Bhd
The University of Nottingham in Malaysia Sdn Bhd    

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