Malaysia's biggest bank, Malayan Banking Bhd (Maybank) has appointed Saurabh Gupta as the head of its investment banking and advisory business for Singapore, according to a company memo seen by Reuters. Gupta has been with Maybank for a decade and his latest appointment is in addition to his current role as head of the consumer, retail and healthcare sectors.
Malaysia's largest asset manager, Permodalan Nasional Bhd (PNB), plans to add infrastructure assets into its portfolio from next year to diversify its exposure and navigate the current high inflationary environment, its top executive said. PNB, which managed 336.7 billion ringgit ($72.46 billion) of assets in 2021, has the majority of its portfolio invested in public equities, both local and international, besides private investments and real estate, among others. "It's great as an asset class as it further diversifies our portfolio and improves the risk return characteristics of the portfolio," PNB's Group CEO Ahmad Zulqarnain Onn told Reuters in an interview during a visit to Singapore.