External Investment Manager
Functions of the External Investment Manager
Maybank Asset Management Sdn Bhd (“MAM”) has appointed Maybank Islamic Asset Management Sdn Bhd (“MIAM”) as the External Investment Manager. The roles and responsibilities of MIAM is to manage the investment portfolio in accordance with MAM fund investment objective and subject to the Capital Markets and Services Act 2007 (“CMSA”), the Guidelines and the terms and conditions of the investment management agreement between MIAM and MAM.
Experience of Maybank Islamic Asset Management Sdn Bhd ("MIAM")
MIAM is owned by Maybank through Maybank Asset Management Group (“MAMG”), a wholly-owned subsidiary of Maybank. MAMG is the holding entity for all Maybank’s asset management and private equity businesses. MIAM was incorporated on 15 April 2013 with a paid-up capital of RM3.0 million. MIAM is a holder of a capital markets services licence to carry out Islamic fund management business pursuant to Section 61 of the CMSA. MIAM has over three (3) years of experience in managing funds. As at 30 September 2016, MIAM’s total assets under management is approximately RM13.04 billion.
As at 30 September 2016, MIAM has a total staff strength of twelve (12) personnel comprising of ten (10) executives and two (2) non-executives.
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