DBS Asset, Hwang-DBS set up Islamic fund firm

KUALA LUMPUR (Reuters) - DBS Asset Management Ltd Singapore and investment bank Hwang-DBS Malaysia have set up an Islamic fund management firm, the new company said.

The new firm, Asian Islamic Investment Management, will be launched on Nov 28.

DBS Asset Management is a unit of Singapore's DBS Group (DBSM.SI).

(Reporting by Liau Y-Sing)