Principal Asset Management Company Limited
- Investment Banking & Fund Management
CIMB-Principal Asset Management Company Limited is subsidiary of CIMB-Principal Asset Management Berhad Malaysia, offering total asset management solutions for Mutual Fund, Provident Fund, Private Fund and Property Fund & REITs services to retail and institutional clients.
CIMB-Principal Asset Management Company Limited was founded in 1994 under the former name BT Asset Management, owned by BankThai Public Company Limited. In 2008, ‘CIMB Bank Berhad’ became the largest shareholder in BankThai and completed the registration of its new name to ''CIMB Thai Bank Public Company Limited”. Within the same year, ‘CIMB-Principal Asset Management’ under CIMB Investment Banking – one of CIMB Group’s affiliated companies, had acquired 99.99% shares of BT Asset Management.
Under the new management team from CIMB-Principal Asset Management, the company adopted and implemented total asset management solutions provided by its joint venture partner Principal Financial Group (PFG). This includes incorporating PFG’s investment philosophy and processes, new technology platform and investment know-how. The company has been providing investment solution to clients under the name of ‘CIMB-Principal Asset Management Company Limited’ since 2008.