Kuala Lumpur Tradition has acquired a 40% stake to form a strategic partnership in FIRST TAZ Money Broker Malaysia, a longstanding and established Malaysian broker based in Kuala Lumpur.
The Malaysian market has recently shown tremendous growth in the capital debt business, which in turn has attracted a high flow of offshore investment. The new partnership will combine strong local expertise with Tradition’s international network and experience.
Adrian Bell, Managing Director of Tradition Asia-Pacific and James Khoo, Managing Director of Tradition Singapore, have been appointed to the Board of Directors of the new partnership. The Malaysian operation will offer the full range of local currency as well as international products.
Suite 3.03-05, Level 3
67 Jalan Raja Chulan
50200 Kuala Lumpur