Hong Kong-based asset manager Value Partners is expanding its global presence with a new office in Kuala Lumpur, Malaysia. The group’s Malaysia subsidiary, Value Partners Asset Management Malaysia, has been given approval in principle from the Securities Commission Malaysia for a licence for fund management. Products on offer will include Value Partners’ Southeast Asia-focused Quantitative Investment Solutions initiatives such as exchange-traded funds as well as sharia-compliant funds. Value Partners chairman Dato’ Seri Cheah Cheng Hye welcomed the launch of an all-new fund management operation in Malaysia “at a time when the country is searching for new directions to promote growth”. Michael William Greenall, managing director of Value Partners’ Southeast Asia business, will manage the new office and lead expansion efforts in the region. “Malaysia makes for the perfect Southeast Asian base given its excellent connectivity, rich diversity and cost competitiveness,” he said. As of August 2018, Value Partners has $16.6 billion of assets under management. ©2018 funds global asia