AmFunds Management Berhad

Growing Your Investments in a Changing World
AmFunds Management Berhad (“AFM”)

AmFunds Management Berhad was incorporated in Malaysia on 9 July 1986 and is a wholly owned subsidiary of AmInvestment Bank Berhad. AFM has over decades of experience in the unit trust industry.

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.

With effect from 1 December 2014, AFM is the holder of a Capital Markets and Services Licence for the regulated activities of fund management, dealing in securities restricted to unit trusts and dealing in private retirement scheme issued under the Act.

AFM is also a Private Retirement Schemes (“PRS”) Provider offering a total of ten (10) AmPRS funds. AFM offers the most diverse range of both the conventional and Shariah-compliant retirement funds across asset classes and geographical exposures in the market.


More information on AFM

a) Financial Position

 

b) Assets under Management

As at 30 September 2018, the total number of funds managed by AFM were 78 with a total fund size of approximately RM29.8 billion.

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 specialist investment teams that bring the best practices of funds management.

Goh Wee Peng
Chief Executive Officer
Fu Yew Sun
Chief Investment Officer
Kevin Wong Weng Tuck
Senior Vice President of Credit Research
Nancy Chow Yuen Yuen
Senior Vice President of Corporate Communications, Marketing & Global Business Development
Allan Hon Chu Nyaw
Senior Vice President of Operations
Chitrakala Murugasu
Senior Vice President/ Head of Compliance

Chitrakala Murugasu is the designated person responsible for compliance matters. She is the acting Head of Compliance reporting to the Group Chief Compliance Officer. She has more than 20 years of working experience with a large part of it in the financial services industry. She spent 8 years with Bank Negara Malaysia, legal department and thereafter joined a few commercial banks providing legal advice on investment and treasury activities. She is now responsible for the overall regulatory supervision and compliance of AmInvest. She is a qualified lawyer and was admitted as Advocate & Solicitor, High Court of Malaya as well as Barister-at-Law, Middle Temple, London. She holds a Master of Laws degree from University College London, United Kingdom.

Alex Tan Cheng Leong
Senior Vice President of Retail & Retirement Funds

Alex Tan has almost 20 years of extensive wealth management experience in the areas of Unit Trust, Life & General Insurance, Takaful, Trust Nomination, Estate Planning & Private Retirement Scheme (PRS) – resulting in many successful marketing and business development projects implemented both locally as well as regionally. At AmInvest, Alex is responsible for spearheading the business strategy, growth and development of retail, wholesale and retirement investment solutions for the retail customer segment. Prior to joining AmInvest, he headed the preferred retail customer segment, alliance management, field agency training and business communication units of another local asset management company. He has also served as Chief Marketing Officer at Malaysia’s first Takaful organisation and held several senior management positions at leading local and multinational life insurance and general insurance companies. Alex is an accounting graduate from La Trobe University (Law & Accounting faculty) Australia and a certified Fellow of the Life Management Institute (LOMA), United States. He also holds a Registered Financial Planner license from Malaysian Financial Planning Council.

Jackie Goh Phin Yeeng
Senior Vice President of Institutional Sales

Jackie Goh Phin Yeeng is the Senior Vice President of Institutional Sales, which she is responsible in leading, developing, managing and growing the institutional market segment of AmInvest. She brings more than 11 years of experience in business development, sales and client service of the institutional market segment in the funds management industry. She holds a Bachelor of Business (Banking & Finance) degree from the University of South Australia. In addition, she also holds the Capital Markets Services Representative License for funds management regulated activities.

Heow Yen Fen
Senior Vice President of Product Development & Management

Heow Yen Fen is the Senior Vice President of Product Development and Management where she is responsible for the development of new products as well as maintenance and enhancement of existing products of AmInvest. She has more than 13 years of experience in the fund management industry and was attached to some of the largest fund houses in Malaysia. She holds a Bachelor of Business and Commerce (Hons) degree in Management and Marketing from Monash University, Australia.

Gan Thian Hou
Vice President of Middle Office

With over 18 years experience in the financial services sector, Gan Thian Hou joined AmInvest on 3rd May 2017 as Vice President, Business Control and subsequently in October as Head, Middle Office. Some of his core responsibilities encompass the setting up and implementation of risk, business and operational processes of the company. Having previously worked in a Malaysian Private Bank, Gan brings with him invaluable experience in Compliance, Operational Risk & Business Governance. He is a honours graduate in Business and Management from the University of Bradford, UK.

Wan Safarina W Zulkifli
Vice President of Finance & Strategy

Wan Safarina W Zulkifli is the Head of Finance & Strategy in AmInvest, with more than 8 years of experience in various roles within the financial industry. She is responsible for all financial matters of AmInvest, including accounting, statutory reports, taxation and audit-related functions. She is also responsible for managing the financial risk, financial planning and performance, and financial reporting for AmInvest. Wan Safarina began her career at an international audit firm. She then joined the Central Bank of Malaysia in the Banking Supervision Department, before moving on to the Treasury, International & Finance, Group Audit Department at a renowned local bank. Prior to AmInvest, she was Vice President of Fund Reporting & Special Projects at one of the largest asset management company in Malaysia. She graduated from University of Technology MARA (“UiTM”) with a Bachelor of Accountancy, Honours First Class. She is a fellow of The Association of Chartered Certified Accountants (“ACCA”) and a Certified Public Accountant of The Malaysian Institute of Certified Public Accountants (“MICPA”).


The Board of Directors

The Board of Directors are as follows:

Tai Terk Lin (Independent)

Tai Terk Lin (independent) was appointed to the Board of Directors of AmFunds Management Berhad as an independent and non-executive director on 15 December 2014. He has experience of more than thirty (30) years in fund management and banking industry, while leading a lot of management initiative projects in unit trust, commercial and private banking as well as wealth management. He was previously the Group Chief Executive Officer of ICB Financial Group Holdings AG, the holding company of ICB Banking Group, and a Commissioner of PT Bank ICB Bumiputera. Before that, he was the executive director of Platinum Capital Management (Asia) and a Senior Vice President of DBS Bank in Singapore. He holds a Master of Business Administration (MBA) from Cranfield University, United Kingdom. He has a Bachelor of Science with Education (B.Sc.Ed (Hons)) from the University of Malaya and holds the Certified Financial Planner (CFP) and the IBF Advance (IBFA) from the Institute of Banking and Finance Singapore.

Mustafa Bin Mohd Nor (Independent)

Mustafa Bin Mohd Nor (independent) was appointed to the Board of Directors of AmFunds Management Berhad as an independent and non-executive director on 3 March 2014. He is also a director of KUISAS Berhad and a member of state investment committee, Perak Darul Ridzuan. In total, he has approximately fourty (40) years of vast and diversified experience in economics, investment advisory, stockbroking, unit trust, asset and fund management. He obtained a Masters of Arts (Economic Policy) from Boston University and Bachelor of Economics (Analytical) from University of Malaya.

Sum Leng Kuang (Independent)

Sum Leng Kuang (independent) was appointed to the Board of Directors of AmFunds Management Berhad as an independent and non-executive director on 18 January 2016. She possesses an extensive investment management experience of more than three (3) decades, particularly in managing fixed income investment portfolios, credit evaluation and credit risk management. She has dedicated a total of thirty one (31) years of service to Great Eastern Group until year 2013. As Head of Fixed Income Investment in Great Eastern Life Assurance (M) Berhad, she was responsible for the management of approximately RM40.0 billion in fixed income funds. She has also been actively involved in the development of local fixed income market via active participation in industry dialogues and direct consultations with issuers, investors, rating agencies, regulatory bodies and federal agencies. She is currently a Director of Pacific & Orient Insurance Co. Berhad and has also been appointed as the Investment Advisor of Credit Guarantee Corporation Malaysia Berhad. She graduated from University of Canterbury, New Zealand with a Bachelor of Commerce degree, majoring in Finance. She is also a Certified Financial Planner.

Seohan Soo (Non-Independent)

Seohan Soo (Non-Independent) was appointed to the Board of Directors of AmFunds Management Berhad as a non-independent and non-executive director on 1 August 2018. He is the Chief Executive Officer (“CEO”) of AmInvestment Bank Berhad (the “Bank”) and leads a team comprising strategic lines of business in the AmBank Group with responsibilities for the overall objectives and business strategies and performance targets for the Bank. Seohan joined AmBank Group as the Director / Head, Debt Capital Markets in 2003 and prior to his assuming the role of CEO of the Bank was Executive Vice President, Capital Markets Group (“CMG”). Seohan has more than twenty-three (23) years of investment banking experience at both foreign and local investment banks and has been instrumental in building the Bank’s leadership in fixed income covering debt origination, structuring and distribution. Under his stewardship, CMG has been at the forefront of innovation in the bond/sukuk market and the Bank has been consistently ranked top 3 in the fixed income business. Seohan obtained his Bachelor of Laws from the University of Warwick and Master of Laws from the University of Cambridge and is also a qualified Barrister-at-Laws of Lincoln’s Inn, London and an Advocate and Solicitor of the High Court of Malaya.

Goh Wee Peng (Non-Independent)

Goh Wee Peng (Non-Independent) started her career with AmFunds in September 2002 and was previously the Acting Chief Executive Officer, Deputy Chief Executive Officer and Chief Investment Officer, Fixed Income. As Deputy Chief Executive Officer, she was responsible for the business units of product development and management, institutional and retail business coverage and growth, and fixed income investment strategies. She was also responsible for the growth of fixed income assets under management. Under her leadership, AmFunds grew to be the top five unit trust fund houses in Malaysia, with an award-winning track record that has recently been honoured with Malaysia’s Best Investment Management Company, Best Asset & Fund Manager and Islamic Institutional House of Year awards. She graduated with a degree in Bachelor of Business (Economics and Finance) from RMIT University, Melbourne, Australia. Wee Peng holds a Capital Markets Services Representative’s License, Persatuan Forex License and Dealer’s Representative License and is a member of the Federation of Investment Managers Malaysia (FIMM) and Malaysian Association of Asset Managers (MAAM). She has more than sixteen (16) years’ experience in the funds management industry and the Board has expressed its confidence in her ability to assume the role of the CEO and to effectively discharge the responsibilities that come with it.


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:

Goh Wee Peng

Goh Wee Peng (Non-Independent) started her career with AmFunds in September 2002 and was previously the Acting Chief Executive Officer, Deputy Chief Executive Officer and Chief Investment Officer, Fixed Income. As Deputy Chief Executive Officer, she was responsible for the business units of product development and management, institutional and retail business coverage and growth, and fixed income investment strategies. She was also responsible for the growth of fixed income assets under management. Under her leadership, AmFunds grew to be the top five unit trust fund houses in Malaysia, with an award-winning track record that has recently been honoured with Malaysia’s Best Investment Management Company, Best Asset & Fund Manager and Islamic Institutional House of Year awards. She graduated with a degree in Bachelor of Business (Economics and Finance) from RMIT University, Melbourne, Australia. Wee Peng holds a Capital Markets Services Representative’s License, Persatuan Forex License and Dealer’s Representative License and is a member of the Federation of Investment Managers Malaysia (FIMM) and Malaysian Association of Asset Managers (MAAM). She has more than sixteen (16) years’ experience in the funds management industry and the Board has expressed its confidence in her ability to assume the role of the CEO and to effectively discharge the responsibilities that come with it.

Mustafa Bin Mohd Nor

Mustafa Bin Mohd Nor (independent) was appointed to the Board of Directors of AmFunds Management Berhad as an independent and non-executive director on 3 March 2014. He is also a director of KUISAS Berhad and a member of state investment committee, Perak Darul Ridzuan. In total, he has approximately fourty (40) years of vast and diversified experience in economics, investment advisory, stockbroking, unit trust, asset and fund management. He obtained a Masters of Arts (Economic Policy) from Boston University and Bachelor of Economics (Analytical) from University of Malaya.

Tai Terk Lin

Tai Terk Lin (independent) was appointed to the Board of Directors of AmFunds Management Berhad as an independent and non-executive director on 15 December 2014. He has experience of more than thirty (30) years in fund management and banking industry, while leading a lot of management initiative projects in unit trust, commercial and private banking as well as wealth management. He was previously the Group Chief Executive Officer of ICB Financial Group Holdings AG, the holding company of ICB Banking Group, and a Commissioner of PT Bank ICB Bumiputera. Before that, he was the executive director of Platinum Capital Management (Asia) and a Senior Vice President of DBS Bank in Singapore. He holds a Master of Business Administration (MBA) from Cranfield University, United Kingdom. He has a Bachelor of Science with Education (B.Sc.Ed (Hons)) from the University of Malaya and holds the Certified Financial Planner (CFP) and the IBF Advance (IBFA) from the Institute of Banking and Finance Singapore.

Sum Leng Kuang

Sum Leng Kuang (independent) was appointed to the Board of Directors of AmFunds Management Berhad as an independent and non-executive director on 18 January 2016. She possesses an extensive investment management experience of more than three (3) decades, particularly in managing fixed income investment portfolios, credit evaluation and credit risk management. She has dedicated a total of thirty one (31) years of service to Great Eastern Group until year 2013. As Head of Fixed Income Investment in Great Eastern Life Assurance (M) Berhad, she was responsible for the management of approximately RM40.0 billion in fixed income funds. She has also been actively involved in the development of local fixed income market via active participation in industry dialogues and direct consultations with issuers, investors, rating agencies, regulatory bodies and federal agencies. She is currently a Director of Pacific & Orient Insurance Co. Berhad and has also been appointed as the Investment Advisor of Credit Guarantee Corporation Malaysia Berhad. She graduated from University of Canterbury, New Zealand with a Bachelor of Commerce degree, majoring in Finance. She is also a Certified Financial Planner.

Zainal Abidin Mohd. Kassim

Zainal Abidin Mohd. Kassim (independent) is a Fellow of the Institute of Actuaries in the UK since 1986, a Fellow of the Actuarial Society of Malaysia, a Fellow of the Society of Actuaries of Singapore and an Associate of the Society of Actuaries, USA. He has been a Consulting Actuary and Senior Partner with over 30 years of consulting experience with extensive experience in conventional insurance and Takaful for both life and casualty insurance. He also has experience in various assignments on investment consulting for pension and provident funds as well as pension liabilities and pension benefit. Encik Zainal Abidin Mohd. Kassim holds a Bachelor of Science (First Class Honours) in Actuarial Science degree from City University London.


Fund Managers
Fu Yew Sun
Chief Investment Officer
Designated fund manager for all unit trust funds, wholesale feeder funds and private retirement schemes

As the Chief Investment Officer, Yew Sun oversees investments in all asset classes at AmInvest and is responsible for overall investment strategies and portfolio positioning of the funds. He was previously the Head of Portfolio Management and Trading at the holding company of a leading local conglomerate, overseeing investments in multiple asset classes on a global basis. Prior to that, he headed the trading business of AmBank Group's Global Markets division, and was part of the senior management team of AmBank Group's capital market business.

Raymond Lew Wei Chien
Designated fund manager for all conventional wholesale fixed income and wholesale money market funds

Raymond Lew Wei Chien is the Head of Fixed Income at AmFunds Management Berhad with more than 20 years of relevant experience. Raymond is responsible for managing institutional clients’ fixed income mandates and unit trust funds. He has performed similar roles as a fixed income fund manager with various asset management and insurance companies prior to joining AmInvest 10 years ago. Raymond holds a Bachelor degree of Business in Accounting from Monash University, Australia and has a Capital Markets Services Representative’s License (CMSRL) for the regulated activity of fund management.

Kho Hock Khoon
Designated fund manager for AmIncome Advantage and all close-ended fixed income and sukuk funds

Kho Hock Khoon is the Senior Vice President of Fixed Income with more than 8 years of relevant experience in fund management field. He was a credit officer for 3 years with a foreign bank incorporated in Malaysia. He started as a credit analyst with the Manager and later assumes a greater responsibility as the fund manager cum credit analyst for the Manager. He has over RM4 billion of assets under his management. Kho holds a PhD degree and Master degree in Finance from Royal Melbourne Institute of Technology (RMIT), Australia. He also holds a Bachelor degree of Business in Economics and Finance from the same academic institution. Kho is the holder of Capital Markets Services Representative’s License (CMSRL) for the regulated activity of fund management.

Gan Kong Yik
Designated fund manager for Global Dividend

Gan Kong Yik is a Senior Fund Manager with the Equities team of Funds Management Division of AMMB Holdings Berhad (“AmInvest”) with over 17 years relevant experience in this field. His key responsibilities will include managing pension funds and various mutual funds. In AmInvest, he performs financial analysis, earnings forecast and valuation of regional listed banking sector. Prior to AmInvest, Kong Yik was the Chief Investment Officer with KAF Investment Funds Berhad (“KIF”) since January 2016, where he led the investment team with 3 fund managers that covered the Malaysian equity market. Prior to that, he was a fund manager with Pheim Asset Management Sdn Bhd since July 2012, managing 12 portfolios ranging from pension funds, unit trusts to private mandates.