Etiqa Looks to M&A as a Strategy to Expand Presence in ASEAN

Etiqa Group (Etiqa), the insurance arm of Malayan Banking (Maybank), said they were still open to mergers and acquisitions (M&A) to expand their presence in the Association of Southeast Asian Nations (ASEAN), a strategy which would help create value, especially in the current economic climate.

According to Kamaludin Ahmad, Chief Executive Officer of Etiqa, in an exclusive interview to a local media outlet, Etiqa was on the lookout for potential M&A that would add value to the Group across ASEAN, adding that overseas bodies contributed around 30% to the Group’s top line, and as such, regional countries had potential opportunities for growth.

Ahmad noted that although Et...