Affin Hwang AM Rolls Out EDUSave Programme
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KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or “the Company”) announced today the launch of the EDUSave programme which is a need-based solution for families to achieve their education savings goal. By kick-starting the savings journey, EDUSave helps families develop an early savings habit to prepare for the cost of their children’s education from pre-school right up to tertiary level irrespective of their background.

Through a detailed discussion with an education concierge service provided by the Company, EDUSave helps map out the cost of education including tuition fees and overseas living expenses to help families set an education savings goal target based on the preferred course. Local and overseas inflation is also taken into account to determine the savings target.

Despite the travel restrictions caused by the COVID-19 pandemic, many students with enrolment offers from universities abroad remain determined to fulfil their global education goals. More than 77% of international students surveyed stated they would be willing to take part in quarantine programs if it meant commencing on-campus learning sooner according to a global survey by IDP Connect.

Esther Thye, Chief Customer Experience & Retail Sales Officer of Affin Hwang AM said, “An education is one of the most valuable gifts a parent can give to their child. It helps unlock new opportunities and increase upward social mobility for them to fulfil lifelong dreams. This is especially as the world transitions to a new normal, where it is essential for children to be equipped with the skillsets that they need to navigate a changing work landscape.”

“With an early start and a systematic plan in place, parents could be much further ahead when it comes to planning for their children’s education goals. As an added value proposition to the EDUSave programme, there is also insurance protection of up to RM200,000 when they enrol1,” Esther said.

Through EDUSave, parents can get started on their child’s education planning journey with just RM100. The funds are then channelled into a diversified portfolio of collective investment schemes that will provide regular income and moderate capital growth through exposure in global markets. Investors who are keen to learn more about EDUSave can visit http://affinhwangam.com.

– End of Press Release –
FOR MEDIA ENQUIRIES, PLEASE CONTACT:

Lee Sheung Un | [email protected] | +603 2117 6592
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Copyright © 2021 Affin Hwang Asset Management Bhd
TENG CHEE WAI

Managing Director
Teng Chee Wai is the founder of Affin Hwang Asset Management Berhad (Affin Hwang AM). Over the past decade, he has built the Company to be the fastest growing and only independent investment management house in Malaysia’s top three, with an excess of RM47 billion in assets under management as at 31 December 2018.​

​In his capacity as Managing Director / Executive Director, Teng manages the overall business and strategic direction as well as the management of the investment team. His hands-on approach sees him actively involved in investments, product development and marketing. Teng’s critical leadership and regular participation in reviewing and assessing strategies and performance has been pivotal in allowing the Company to successfully navigate the economically turbulent decade.

Teng’s investment management experience spans more than 20 years, and his key area of expertise is in managing absolute return mandates for insurance assets and investment-linked funds in both Singapore and Malaysia. Prior to his current appointments, he was the Assistant General Manager (Investment) of Overseas Assurance Corporation (OAC) and was responsible for the investment function of the Group Overseas Assurance Corporation Ltd.​

​Teng began his career in the financial industry as an Investment Manager with NTUC Income, Singapore. He is a Bachelor of Science graduate from the National University of Singapore and has a Post-Graduate Diploma in Actuarial Studies from City University in London.
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