AmFunds Management Berhad

Growing Your Investments in a Changing World
AmFunds Management Berhad

AmFunds Management Berhad (“AFM”) – Registration No. 198601005272 (154432-A) was incorporated in Malaysia on 9 July 1986 and is a licensed fund manager approved by the Securities Commission Malaysia (“SC”) on 25 September 2008. AFM is a wholly-owned subsidiary of AmInvestment Bank Berhad. AmInvest is the brand name for AFM.

Pursuant to AMMB Holdings Berhad’s (the holding company of AmInvestment Management Berhad (“AIM”) and AFM) initiative to streamline the business operations of its asset management business under AIM and the unit trust business under AFM, the businesses of both AIM and AFM are consolidated to operate under a single operating structure, i.e., under AFM.

AFM is a holder of Capital M​arkets and Services Licence for the regulated activities of fund management, dealing in securities restricted to unit trusts and dealing in private retirement schemes issued under the Capital Markets and Services Act 2007. AFM offers a diverse range of both conventional and Shariah-compliant retirement funds across asset classes and geographical exposures in the market. AFM also manages exchange-traded funds (ETFs).

AFM has appointed AmIslamic Funds Management Sdn Bhd (AIFM), a licensed fund manager approved by the Securities Commission Malaysia (“SC”) on 12 January 2009, to implement its Shariah-compliant funds’ investment strategies to achieve the objectives of its funds.

As at Financial Year End 2023 (31 March 2023), AFM is not involved in any material litigation and arbitration, including those pending or threatened, and any facts likely to give rise to any proceedings which might materially affect the business or financial position of AFM.

Registered Office:
22nd Floor, Bangunan Ambank Group,
55, Jalan Raja Chulan, 50200 Kuala Lumpur
Tel: (03) 2036 2633
Email: enquiries@aminvest.com
Website Address: www.aminvest.com

Business Office:
9th & 10th Floor, Bangunan AmBank Group,
55, Jalan Raja Chulan, 50200 Kuala Lumpur
Tel: (03) 2032 2888
Email: enquiries@aminvest.com
Website Address: www.aminvest.com


More information on AFM

a) Financial Position

 

b) Assets under Management

As at Financial Year End 2023 (31 March 2023), the total value of assets under management (“AUM”) is RM39.3 billion (i.e 59 funds, 5 private retirement schemes and 2 exchange-traded funds)*.

*Excludes the AUM and funds delegated to AIFM.

c) Cross Trade

The Manager may conduct cross trades between funds and private mandates it currently manages provided that all criteria imposed by the regulators are met.

Notwithstanding, cross trades between the personal account of an employee of the Manager and the fund's account are strictly prohibited. The execution of cross trade (if any) will be reported to the Investment Committee and disclosed in the fund's report accordingly.


Key Personnel

Diverse and Dedicated Team of Funds Management Specialists

Experienced multidisciplinary specialists that bring the best practices of funds management.

Goh Wee Peng
Chief Executive Officer
Wong Yew Joe
Chief Investment Officer
Loh Sook Kuan
Compliance Officer

Loh Sook Kuan is the designated Compliance Officer overseeing compliance matters in AmInvest. She has more than 20 years of experience in the financial industry, over which 15 years’ experience in compliance, credit analysis and risk management in asset management companies in the United States and Malaysia. Sook Kuan holds a bachelor’s degree in BSc Accounting & Finance from University of London, United Kingdom. She has completed the relevant examinations for Securities Commission Malaysia (SC) modules and is registered as a Compliance Officer with the SC. She is also a Chartered Financial Analyst charterholder with the CFA Institute.

Yasotha Kandasamy
Senior Vice President of Institutional Sales

Yasotha Kandasamy is the Senior Vice President, Institutional Sales who oversees the Sales and Client Servicing team for AmInvest’s institutional clients. These clients include pension providers, sovereign funds, financial institutions, public listed companies, government-linked companies as well as corporates and small & medium enterprises (SMEs). She has more than 20 years of financial industry experience selling banking products, credit control in brokering and funds management. Yasotha joined AmInvest in 2001 and had responsibility over the client services and sales team for Institutional and Corporate channel of AmFunds Management Berhad with similar responsibilities at AmIslamic Funds Management Sdn Bhd in 2011. Her last position was Vice President, Institutional Funds Services. She obtained a Bachelor of Social Sciences from University Sains Malaysia, majoring in Economics. She holds a Capital Markets Services Representative’s License (CMSRL), Certification in Anti Money Laundering and Counter Financing of Terrorism, and Advanced Certificate in Anti Money Laundering. She is also a registered individual with Federation of Investment Managers Malaysia (FIMM) to market and distribute unit trust as well as private retirement schemes (PRS).

Valerie Low Lai Kin
Head of Retail & Retirement Funds

Valerie Low Lai Kin is the Head of Retail and Retirement Funds for AmInvest, overseeing the business development and growth of unit trusts and private retirement schemes (PRS) via various retail channels such as Institutional Unit Trust Advisers (IUTAs), Corporate Unit Trust Advisers, Institutional PRS Advisers and digital financial planning platforms. Her broad financial industry expertise spanned more than two decades, covering brokering, insurance and investment-linked marketing and research, retail banking relationship management and wealth management in various financial institutions. She also acquired strong funds management knowledge as she was the business development head of an international funds management company based in Malaysia who was responsible for fund size growth and new business. She joined AmInvest in year 2016 and her last role was Head of IUTAs, leading a team looking after the growth of retail and retirement funds from IUTAs. She graduated with a Master’s degree in Business Administration (MBA) from the University of Bath, UK and a Bachelor’s degree in Business Studies from Massey University, New Zealand, majoring in Finance. She is a Certified Financial Planner and a registered individual with Federation of Investment Managers Malaysia (FIMM) to market and distribute unit trust as well as private retirement schemes (PRS).

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The Board of Directors

The Board of Directors are as follows:

Mr Jeyaratnam A/L Tamotharam Pillai (Chairman, Independent)

Mr Jeyaratnam a/l Tamotharam Pillai (Chairman, Independent) was appointed to the Board of AmFunds Management Berhad on 1 April 2019 as Independent Non-Executive Chairman. He is currently the Chairman of AmInvestment Bank Berhad. With over 30 years’ experience in the financial and investment banking services industry, Mr Jeyaratnam is a seasoned banker having involved in various assignments which included the listing of companies, mergers and acquisitions, takeovers, corporate restructuring and fund raising exercises. He undertook Malaysia’s first privatisation exercise and participated in various feasibility studies and cross border transactions in India, Ghana and the United Kingdom. The areas of expertise and experience of Mr Jeyaratnam also include deals origination, define corporate and funding structures, evaluate and negotiate deals, execution and implementation of deals. He has been working closely with various stakeholders such as corporate clients, investors, banks, government agencies, Bursa Malaysia Berhad (Bursa), Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM). During his career, Mr Jeyaratnam had served as Chief Executive/Deputy Chief Executive of four investment banks over a 12-year period. He was also a member of the Sub-Committee of Bursa and the Capital Market Advisory Council of SC. He was appointed by the Minister of Finance to be part of the six-member team that was responsible in formulating the Malaysian Capital Market Masterplan. He was overseeing the investment banking, stockbroking, fund management and venture capital activities during his tenure in Maybank as the Head of Investment Banking Division. Mr Jeyaratnam’s past directorships included Westcomb Financial Group Limited Singapore, Kuwait Finance House (Australia) Ptd Ltd, KFH Asset Management Sdn Bhd, Kuwait Finance House (Labuan) Berhad and Avenue Capital Resource Berhad. He is a member of the Institute of Chartered Accountants in England and Wales and a member of the Malaysia Institute of Accountants (MIA). He held a Capital Markets Services Representative’s License (CMSRL) and was a Qualified Senior Personnel (QSP) approved by Securities Commission Malaysia (SC).

Mr Arnold Lim Boon Lay (Independent)

Mr Arnold Lim Boon Lay was appointed to the Board of AmFunds Management Berhad on 15 December 2023 as an Independent Non-Executive Director. Mr Arnold Lim is also the Chairman of the Investment Committee of AmFunds Management Berhad and AmIslamic Funds Management Sdn Bhd. He holds a degree in Applied Science from Universiti Sains Malaysia and Master of Business Administration from the HAAS School of Business, University of California at Berkeley. He has substantial investment management experience having spent approximately 30 years in the industry. Throughout Mr Lim’s career, he has held various positions at asset management companies, including Pacific Mutual Fund Berhad, SBB Asset Management Sdn Bhd and CIMB-Principal Asset Management. While at CIMB-Principal Asset Management, initially as Head of Retail Equities and later as Chief Investment Officer, the company was awarded best Fund House by Edge-Lipper for 2012.

Mr Ng Chih Kaye (Independent)
Mdm Jas Bir Kaur A/P Lol Singh (Independent)
Ms Goh Wee Peng (Non-Independent)

The Investment Committee

The Investment Committee meets at least five (5) times a year to review the Fund’s investment objectives and guidelines, and to ensure that the Fund is invested appropriately.

The Investment Committee members are:

Mr Arnold Lim Boon Lay (Chairman)

Mr Arnold Lim Boon Lay was appointed to the Board of AmFunds Management Berhad on 15 December 2023 as an Independent Non-Executive Director. Mr Arnold Lim is also the Chairman of the Investment Committee of AmFunds Management Berhad and AmIslamic Funds Management Sdn Bhd. He holds a degree in Applied Science from Universiti Sains Malaysia and Master of Business Administration from the HAAS School of Business, University of California at Berkeley. He has substantial investment management experience having spent approximately 30 years in the industry. Throughout Mr Lim’s career, he has held various positions at asset management companies, including Pacific Mutual Fund Berhad, SBB Asset Management Sdn Bhd and CIMB-Principal Asset Management. While at CIMB-Principal Asset Management, initially as Head of Retail Equities and later as Chief Investment Officer, the company was awarded best Fund House by Edge-Lipper for 2012.

Ms Tracy Chen Wee Keng

Ms Tracy Chen Wee Keng was appointed as the Chief Executive Officer of AmInvestment Bank Berhad on 28 October 2020 and is responsible for stewarding the investment bank’s full range of integrated solutions and services including corporate finance, equity capital markets, debt and sukuk originations, private banking, fund management and stockbroking services. She is also a member of the Investment Committee of AmFunds Management Berhad and AmIslamic Funds Management Sdn Bhd. Ms Tracy has more than 30 years’ experience in the investment banking and financial services industry. Prior to joining the AmBank Group, Ms Tracy had served for almost two decades at CIMB Investment Bank where she held several senior roles in coverage and origination of investment banking business including the position of Senior Managing Director and Co-Head of Senior Bankers Group. She is regarded as one of the most experienced industry professionals, having advised on numerous high profile and innovative debt and equity transactions. Ms Tracy started her banking career in Ban Hin Lee Bank and Standard Chartered Bank where she gained extensive experience in corporate banking and cash management. She ventured into investment banking when she joined Affin Merchant Bank. Ms Tracy graduated from University Sains Malaysia with a Bachelor of Management (First Class Honours) and holds a Capital Market Services Representative Licence and is also a Chartered Banker, Asian Institute of Chartered Bankers. Ms Tracy is also a Council Member of the Malaysian Investment Banking Association and in this position, she actively engages with other participants in the investment banking industry.

Ms Goh Wee Peng

Ms Goh Wee Peng (Non-Independent) is the Chief Executive of AmInvest, the brand for the funds management business of AmFunds Management Berhad and AmIslamic Funds Management Sdn Bhd. Both companies are wholly-owned subsidiaries of AmInvestment Bank Berhad. Ms. Goh has more than 20 years of experience in the financial industry, over 16 years’ experience are in funds management. Prior to her appointment as CEO in August 2018, she held various senior management roles within AmInvest comprising Acting CEO, Deputy CEO and Chief Investment Officer of Fixed Income. Her financial expertise and experience span money broking, bond trading and funds management. She started her career as a money market broker, then fixed income dealer before joining AmInvest as a credit analyst in 2002. Ms. Goh graduated with a degree in Bachelor of Business (Economics and Finance) from RMIT University, Melbourne, Australia. She holds a Capital Markets Services Representative’s License, Persatuan Forex License, Dealer’s Representative License and is a member of the Federation of Investment Managers Malaysia (FIMM) and Malaysian Association of Asset Managers (MAAM).


Designated Fund Manager

Wong Yew Joe, CIO of AmFunds Management Berhad is the designated fund manager for all unit trusts, wholesale funds, PRS and ETFs managed by AFM.

Please refer to his credentials above for more information.

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