Charterprime and Tune Group Announce Strategic Partnership

(L-R) Tune Group Founders Datuk Kamarudin Meranun, Tan Sri Tony Fernandes, CBE, Charterprime Managing Partners Mathew Tate, Simon Stephen. (Photo: Business Wire)

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SINGAPORE--()--Charterprime, an international financial services and brokerage group based out of Australia and New Zealand has agreed a strategic partnership with Tune Group Sdn Bhd, a leading Southeast Asian corporation with subsidiary businesses ranging from aviation to mobile money. The deal makes Charterprime the official partner and sole partner through which all of Tune Group’s CFDs, foreign exchange (FX) and derivatives trading will be channelled through.

Tune Group’s core businesses are in aviation, hospitality, insurance, telecommunications, education, mobile money and automotive technology, which include their crown jewels flagship airlines, the low cost carrier AirAsia and its long-haul flight counterpart AirAsia X. Tune Group will engage Charterprime in an official brokering partner capacity for all financial spot and futures products, namely foreign exchange (FX) as well as commodities such as oil, both to lower costs and to hedge against market volatility.

Tune Group Founder Tan Sri Tony Fernandes, CBE stated after the press conference, “We believe there is a lot of upside to ancillary income such as FX services, which is the reason why we are tying up with Charterprime. Charterprime is actually in this business and hence we can be very synergistic together, and complementary in building this business.”

Charterprime Managing Partner Mathew Tate said, “We’ve seen a lot of growth in Asia Pacific, South East Asia in general, and we’re looking to maintain that growth rate. This arrangement will significantly increase investors and clients confidence in Charterprime. Nevertheless, we will not rest on our laurels, and will continue to provide the best level of service and transparency that our clients are accustomed to.”

About Tune Group Sdn Bhd

Tune Group Sdn Bhd, was founded by two top Malaysian entrepreneurs, Tan Sri Tony Fernandes and Datuk Kamarudin Meranun, with the mission to provide affordability and accessibility to leisure activities and entertainment primarily in the Asian market. The company’s flagship AirAsia, the largest budget airline in SouthEast Asia, provides affordable passenger transportation services globally and has at one time been linked with privatisation talks with China’s Everbright Bank to the tune of $250 million. Besides their core businesses, Tune Group has many diverse ventures spanning into fields such as sports, automotive technologies, as well as education.

About Charterprime

Charterprime is an international financial group specialising in the brokerage of financial products and foreign exchange. The company’s objective is to maintain its award-winning OTC (Over-The-Counter) derivatives offering and continue its expansion throughout the Asia Pacific region. Charterprime will focus on upholding its reputation as a transparent and trustworthy provider as it grows its financial services offering and global reach.

Contacts

Charterprime
JL Tan
jianlun.tan@charterprime.com

Release Summary

Charterprime and Tune Group Announce Strategic Partnership

Contacts

Charterprime
JL Tan
jianlun.tan@charterprime.com