The Manager has delegated certain functions to Malaysian Industrial Development Finance Berhad and MIDF Amanah Investment Bank Berhad, an institution licensed by Bank Negara Malaysia and SC.
The functions delegated by the Manager are as follows:
Malaysian Industrial Development Finance Berhad
MIDF Amanah Investment Bank Berhad
Malaysian Industrial Development Finance Berhad (“MIDF”) was incorporated on 30 March 1960 mainly for the purpose of ensuring access to financing for manufacturing-based small-and-medium enterprises (SMEs) as part of Malaysia’s strategy to expedite the industrial sector development. From boasting the status as Malaysia’s premier industrial development finance institution, MIDF has over the years transformed into a diversified group.
Following its merger with Amanah Capital Partners Berhad (now known as MIDF Amanah Capital Berhad) in 2003, the acquisition of Utama Merchant Bank Berhad (“UMBB”) in 2004, and the establishment of MIDF Amanah Investment Bank Berhad in 2006, the MIDF Group accentuated its ambition to become a leading financial services provider in three core business areas, namely investment banking, asset management and development finance.
MIDF Amanah Investment Bank Berhad (“MIDF Investment”), is the result of the integration of four subsidiaries within the MIDF Group, namely Amanah Short Deposits Berhad (now known as MIDF ASD Berhad) (under members' voluntary liquidation), Malaysia Discount Berhad (now known as MIDF MDB Berhad) (under members' voluntary liquidation), MIDF Sisma Securities Sdn. Bhd (now known as MIDF MS Sdn Bhd) (under members' voluntary liquidation) and UMBB. MIDF Investment takes pride in its comprehensive range of investment banking-related services including financial advisory, underwriting of equities and debt instruments, treasury activities and equity brokerage service.