Nikko Asset Management Co., Ltd. (“Nikko AM”) was established in 1959. Nikko AM holds license to provide securities investment management and advisory services in Japan and it is a registered investment advisor with the US Securities and Exchange Commission. Nikko AM has a head office in Tokyo and local offices in Singapore, Hong Kong, Sydney, Melbourne and Auckland as well as New York and London. Nikko AM is majority owned by The Sumitomo Trust and Banking Co., Ltd and has over 15 years’ experience in fund management industry.
Total Value of Unit Trust Funds under the Management of Nikko AM:RM 66,326,658
(Figures as at 31 August 2017)
External Fund Managers
AIIMAN Asset Management
AIIMAN Asset Management Sdn Bhd. (AIIMAN) is an Islamic investment management company managing assets for pension funds, institutions, corporates, high net worth and mass affluent individuals.
Headquartered in the world’s Islamic financial hub Kuala Lumpur, Malaysia, AIIMAN is focused on providing clients exceptional and innovative Shariah investment solutions that focus on Asian equities and global Sukuk.
AIIMAN was licensed by the SC to undertake the regulated activity of Islamic fund management on 17 November 2008 and is a wholly owned subsidiary of Affin Hwang Asset Management Berhad and a member of the Affin Hwang Investment Banking Group. As at LPD, AIIMAN has more than six (6) years’ experience in fund management industry.
Total Value of Unit Trust Funds under the Management of AIIMAN: RM 5,494,195,432
(Figures as at 31 May 2017)
Role of the Investment Committee
The investment committee formulates, establishes and implements investment strategies and policies. The investment committee will continually review and monitor the success of these strategies and policies using predetermined benchmarks towards achieving a proper performance for the Fund. The investment committee will also ensure investment guidelines and regulations are complied with. The investment committee will meet at least once every quarterly or more should the need arise.
The Investment Committee Members
Dato’ V. Danapalan (Chairman, Independent Member)
Dato’ V. Danapalan holds a B.A. (Hons) from University Malaya and Masters in Public Administration from Pennsylvania State University, United States of America. He was previously the Chairman of the Malaysian Communications and Multimedia Commission (MCMC) until his retirement in March 2006. Prior to joining MCMC, he was a Senior Vice-President at the Multimedia Development Corporation Sdn. Bhd. Before this, he was the Secretary-General at the Ministry of Science, Technology and Environment, a position he held from 1991 to 1998. He currently serves on the Board of Malaysia University of Science and Technology (MUST), Multimedia University (MMU), Sirim QAS Sdn. Bhd., Gibraltar BSN Life Insurance, Telekom Malaysia Berhad, Maybank Foundation and Tun Sambanthan Scholarship Board.
Datuk Maimoonah Binti Mohamed Hussain (Non-independent Member)
Datuk Maimoonah Binti Mohamed Hussain graduated from University of Singapore with a Bachelor of Accountancy and was the Director, Debt & Capital Markets of Affin Bank Berhad prior to her appointment as Managing Director at Affin Investment Bank Berhad. Prior to this, she had been the Head of Syndications at Standard Chartered Bank’s debt syndications business for Malaysia, Singapore, Thailand, Indonesia and the Philippines. She was also seconded to Standard Chartered Bank Malaysia Berhad for three years to develop the local as well as cross border debt business. She was prior thereto attached to Morgan Grenfell (Asia) Ltd where she was involved in structured finance and project advisory across South East Asian markets. She also serves as a Director on the Board of Affin Hwang Investment Bank Berhad, Merchant Nominees (Tempatan) Sdn Bhd and Affin Nominees (Asing) Sdn Bhd.
Mr. Ong Teng Chong (Non-independent Member)
Mr. Ong is currently the Head of Institutional Business (Securities division) at Affin Hwang Investment Bank. Graduated with a Bachelor of Commerce Degree majoring in accounting and finance from Monash University (Clayton campus, Australia), Mr. Ong has around 20 years of working experience in the investment banking industry, specializing in investment research. Mr. Ong has worked at a number of investment banks in Malaysia with the last six years leading the Research and Analytics department of the bank before taking the role of Head of Institutional Business (Securities division) in January 2014. As Head of Research, Mr. Ong has led the overall research team’s improvement in rankings – both clients and external surveys. In the category of equity strategy under his direct coverage, Mr. Ong has ranked well in the AsiaMoney Brokers Polls over the last few years. In addition, Mr. Ong was ranked amongst the top 20 analysts in Malaysia in AsiaMoney Brokers Polls. As Head of Institutional Business, his primary focus todayis on building the bank’s institutional brokerage business as well as providing advisory role to the bank’s research and analytics team.
En. Mohammad Aminullah Bin Basir (Independent Member)
Encik Mohammad Bin Aminullah Basir is an independent member of the Investment Committee for the Fund. He has vast experience in matters relating to collective investment schemes from his long serving tenure in the Securities Commission Malaysia. Encik Aminullah retired as the Deputy General Manager and Head of Investment Products in the Corporate Finance and Investment Division, after serving for twenty (20) years covering various aspects of the capital market industry such as corporate finance (e.g. initial public offerings, acquisitions and mergers), collective investment schemes (e.g unit trust funds, real estate investment trusts, exchange traded funds, business trusts) and private retirement scheme. He started his career as an auditor with Ivor Barry and Co, a firm of Chartered Accountants in United Kingdom before returning to Malaysia as an internal auditor with Sime Darby Berhad. Encik Aminullah is a Fellow of the Association of Chartered Certified Accountants (ACCA), a Chartered Accountant with the Malaysian Institute of Accountants and he is also a certified member of Financial Planning Association of Malaysia (FPAM).
Mr. Phuah Eng Chye (Independent Member)
Mr. Phuah was previously the senior general manager and the head of the Strategy & Research Department at the SC. For a period of 10 years, he was involved in various capital market development and regulatory projects and led the project team that developed the Capital Market Masterplan 2. Prior to joining the SC, he was a regional bank analyst with Dresdner Kleinwort Benson where he was ranked among the top banking analysts in South East Asia. He was also head of Malaysian equities research for PB Securities and K&N Kenanga. He also previously worked as a remisier, a fund manager and as a financial journalist. He graduated with a degree in economics from the University of Manchester, United Kingdom in 1981.
1) Deutsche Bank (Malaysia) Berhad)
AHAM has appointed Deutsche Bank (Malaysia) Berhad (“DBMB”) to undertake the accounting and valuation function for the Fund by way of a service level agreement. Under the terms of the agreement, the AHAM’s delegate will maintain proper accounts; carry out daily valuation/pricing and provide the unit prices for publication in the newspaper. All fees and expenses arising out of this appointment are not charged to the Fund and are solely borne by AHAM as required by the Guidelines.
Deutsche Bank (Malaysia) Berhad (“DBMB”) is a wholly-owned subsidiary of the parent organisation, Deutsche Bank Aktiengesellschaft. Deutsche Bank established a presence in Kuala Lumpur, Malaysia in 1967 and was incorporated on the 22nd August 1994.
DBMB offers its clients access to a growing domestic custody network that covers over 30 markets globally and a unique combination of local expertise backed by the resources of a leading global bank. With a worldwide team of custody experts, leading-edge technology and a track record of consistent product innovation, DBMB is committed to delivering exceptional and efficient domestic
custody services to its clients.
DBMB expanded its product offered to include fund accounting services in 2001.
2) HSBC (Malaysia) Trustee Berhad
AHAM has appointed HSBC (Malaysia) Trustee Berhad to undertake the accounting and valuation function for the Funds. The Trustee has invested significantly into information technology to offer accounting and valuation services to its clients. Under the terms of the Service Agreement, the Trustee would maintain proper records, and carry out daily valuation/pricing and sending the Unit prices for publication in the newspaper. All fees and expenses arising out of this appointment are not charged to the Funds and are solely borne by the Manager as required by the Guidelines.
HSBC (Malaysia) Trustee Berhad (Company No. 1281-T), a company incorporated in Malaysia since 1937 and registered as a trust company under the Trust Companies Act 1949, with its registered address at 13th Floor, Bangunan HSBC, South Tower, No 2, Leboh Ampang, 50100 Kuala Lumpur.
3) CIMB Islamic Trustee Berhad
AHAM has appointed CIMB Islamic Trustee Berhad (“the Trustee”) to undertake the accounting and valuation function for the Fund by way of a service level agreement. Under the terms of the agreement, the Trustee would maintain proper accounts, carry out daily valuation/pricing and sending the Unit prices for publication in the newspaper. All fees and expenses arising out of this appointment are not charged to the Fund and are solely borne by AHAM as required by the Guidelines.
CIMB Islamic Trustee Berhad was incorporated on 19 January 1988 and registered as a trust company under the Trust Companies Act, 1949 and having its registered office at Level 13, Menara CIMB, Jalan Stesen Sentral 2, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia. The Trustee is qualified to act as a trustee for collective investment schemes approved under the Capital Markets and Services Act 2007. CIMB Islamic Trustee Berhad has an authorised capital of RM5,000,000 divided into 500,000 ordinary shares of RM10 each of which the total issued capital is RM2,000,000 divided into 200,000 ordinary shares of RM10 each, and the total paid up capital is RM1,000,000 divided into 200,000 ordinary shares of RM10 each and partly paid-up at RM5 each.
4) CIMB Commerce Trustee Berhad (PRS)
CIMB Commerce Trustee Berhad was incorporated in Malaysia on 25 August 1994 under the Companies Act 1965. AHAM has appointed CIMB Commerce Trustee Berhad to undertake the accounting and valuation function for the Funds. The fund accounting and valuation agents will maintain proper accounts, carry our daily valuation/pricing and forwarding the Unit prices to the daily newspaper for publication. All fees and expenses arising out of this appointment are not charged to the Funds and are solely borne by AHAM as required by the Guidelines.
5) TMF Trustees Malaysia Berhad
AHAM has appointed TMF Trustees Malaysia Berhad to undertake the accounting and valuation function for the Fund by way of a service level agreement. Under the terms of the agreement, management company’s delegate will maintain proper accounts, carry out daily valuation/pricing and provide the unit prices for publication in the newspaper. All fees and expenses arising out of this appointment are not charged to the Fund and are solely borne by the Manager as required by the Guidelines.
TMF Trustees Malaysia Berhad was incorporated in Malaysia on 1 April 2003 under the Companies Act 1965, it is a member of TMF Group, with registered Head Office in Netherland.
Amanie Advisors Sdn Bhd
Amanie is a Shariah advisory, consultancy, training and research and develop¬ment boutique for institutional and corporate clientele focusing on Islamic financial services. Amanie is a registered Shariah advisory company for Islamic unit trust with the SC. It has been established with the aim of addressing the global needs for experts’ and Shariah scholars’ pro-active input. This will ultimately allow the players in the industry to manage and achieve their business and financial goals in accordance with the Shariah Principles. Amanie also focuses on organizational aspect of the development of human capital in Islamic finance worldwide through providing updated quality learning embracing both local and global issues on Islamic financial products and services. The company is led by Datuk Dr. Mohd Daud Bakar and teamed by an active and established panel of consultants covering every aspect related to the Islamic banking and finance industry both in Malaysia and the global market. Currently the team comprises of 5 full-time consultants who represent dynamic and experienced professionals with a mixture of corporate finance, accounting, product development, Shariah law and education. Amanie meets the Manager every quarter to address Shariah advisory matters pertaining to the Fund. Amanie also review the Fund’s investment on a monthly basis to ensure compliance with Shariah principles or any other relevant principles at all times. Since 2005, Amanie has acquired 12 years of experience in the advisory role of unit trusts and as at LPD there are 150 funds which Amanie acts as Shariah adviser.
Designated Persons Responsible for Shariah Matters
Datuk Dr. Mohd Daud Bakar – Shariah Adviser
Datuk Dr. Mohd Daud Bakar is the founder and group chairman of Amanie Advisors, a global boutique Shariah advisory firm with offices located worldwide. He currently sits as a chairman of the Shariah Advisory Council at the Central Bank of Malaysia, the Securities Commission of Malaysia, the Labuan Financial Services Authority and the International Islamic Liquidity Management Corporation (IILM). He is also a Shariah board member of various financial institutions, including the National Bank of Oman (Oman), Noor Islamic Bank (Dubai), Amundi Asset Management (France), Morgan Stanley (Dubai), Bank of London and Middle East (London), BNP Paribas (Bahrain), Dow Jones Islamic Market Index (New York), First Gulf Bank (UAE), amongst many others. Prior to this, he was the deputy vice-chancellor at the International Islamic University Malaysia. He received his first degree in Shariah from University of Kuwait in 1988 and obtained his PhD from University of St. Andrews, United Kingdom in 1993. In 2002, he completed his external Bachelor of Jurisprudence at University of Malaya. He has published a number of articles in various academic journals and has made many presentations in various conferences both local and overseas. On the recognition side, Datuk Dr. Mohd Daud has been honored with “The Asset Triple A Industry Leadership Award” at The Asset Triple A Islamic Finance Award 2014 and “Shariah Adviser Award” at The Asset Triple A Islamic Finance Award 2016 for the Best Securitisation Sukuk- Purple Boulevard 450 million ringgit Asset-Backed Ijara Sukuk by The Asset Magazine. He is also being named as the “Most Outstanding Individual”, awarded by His Majesty, the King of Malaysia, in conjunction with the national-level Prophet Muhammad’s birthday 2014. The recent recognition is the “Award of Excellence for Outstanding Contribution for Shariah Leadership & Advisory” at London Sukuk Summit Awards, May 2016. Datuk Dr. Mohd Daud is currently the 3rd professorial chairholder in Islamic Banking and Finance of Tun Ismail Foundation (YTI-PNB) by Islamic Science University of Malaysia (USIM) and also sits as a board director to Sime Darby Berhad.
The number of funds in which it acts as adviser: 150