Roles and functions of the investment committee
The investment committee is responsible for monitoring the investment management policies of the fund in accordance with the objective of the fund and the provisions of the Deed. The investment committee meetings are held quarterly in performing the following functions:
- select appropriate strategies to achieve the proper performance of the fund in accordance with the fund management policies;
- ensure that the strategies selected are properly and efficiently implemented by Eastspring Investments Berhad (“Manager”) or its fund management delegate;
- and actively monitor, measure and evaluate the fund management performance of the Manager.
The investment committee comprises of five (5) members who have experience in overseeing investment management functions.
Ho Yik (independent member)
Ho Yik is a well regarded professional in the insurance industry. He has extensive working experience in both the life and general insurance business. In 1968, he joined the Prudential Assurance Co. Ltd of United Kingdom as its country head in Malaysia. Under his leadership, the company grew from a very small branch with a few staff to become one of the well established life insurance companies at the time of his retirement as chief executive officer in year 2000. Upon his retirement, he was appointed to the board of the company and has remained as director since. He is also an independent director of Rockwills Trustee Ltd and Rockwills Trustee Ltd Singapore. He is an Associate and Chartered Insurer of the Chartered Insurance Institute of United Kingdom. He has attended many training courses in management, investment, others including the Financial Institutions Directors’ Education Programme, which is a requirement of Bank Negara.
Robert Yap Yen Choon (independent member)
Robert Yap has more than twenty one (21) years of investment experience, having served as treasurer and group treasurer of Inchcape Malaysia (Holdings) Berhad, and also as treasurer of Shell Malaysia Ltd. His highly regarded experience subsequently led to his appointment as director of an established local unit trust company previously. He is a Certified Practising Accountant, Australia.
Abdul Khalil bin Abdul Hamid (independent member)
Abdul Khalil bin Abdul Hamid holds a Bachelor of Economics (Hons) (B.Admin) from the University of Malaya, Kuala Lumpur. He joined Hongkong Bank in February 1979 and left in October 1985, managing the customer service department. From November 1985 to July 1995, he joined Bank of Nova Scotia Berhad where he was responsible for managing a varied portfolio of corporate and commercial customers and also marketing and management of the bank’s real estate and public sector business segments. In September 1995, he joined Affin Bank Berhad and his last position with Affin Bank was as head of credit management. Khalil was also a member of the Islamic Banking Management committee and the credit review and recovery committee of Affin Bank Berhad. In April 2002, he joined Bank of Tokyo-Mitsubishi UFJ (Malaysia) Bhd as executive vice president and was appointed as an advisor of Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad in October 2012 prior to retiring in October 2013.
Dato’ Saiful Bahri bin Zainuddin (Independent member)
Dato’ Saiful Bahri bin Zainuddin currently serves as independent non-executive director of Bursa Malaysia Berhad, an appointment by the Minister of Finance since 2008. He was also appointed as a board member of Bursa Malaysia Securities Berhad and Bursa Malaysia Securities Clearing Sdn Bhd from April 2015. He is a board member of the Securities Industry Dispute Resolution Center (SIDREC). He is a member of the Negeri Sembilan State Government Think Tank. He is also a former member of the Securities Commission’s Securities Law Consultative Committee and sits on the board of trustee for the Bumiputera Dealer Representative Education Fund and the Bumiputera Training Fund. He is also an advisory council member of the Secondary Market at the Securities Commission Malaysia. In May 2015, he was appointed as a board member of Crescent Wealth Asset Management Australia. His previously held positions include executive director of Affin Hwang Investment Bank, executive director of Affin Holdings Berhad, managing director of Affin Securities Sdn Bhd, executive director and executive director dealing of Rashid Hussain Securities, and chief executive officer and executive director dealing of Fima Securities Sdn Bhd. He was also attached to the Corporate Planning Division of Heavy Industries Corp. of Malaysia (HICOM). He graduated with a Bachelor of Science degree in Economics & Finance from Western Michigan University, USA in 1985, and has attended the Global Leadership Development Programme at Stanford University, United States of America.
Raymond Tang Chee Kin (Non-independent member)
Raymond is the chief executive officer (“CEO”) and also sits on the board of directors of the Manager. As the CEO of Eastspring Investments Berhad, he is responsible for the growth strategy of the business in Malaysia as well as overseeing local investment performance. He brings with him almost thirty (30) years of industry experience and has worked for nearly twenty (20) years in senior positions in the asset management industry including head of international and institutional business and chief investment officer, Asean region for CIMB-Principal Asset Management Berhad. Previously, he was the executive director and chief investment officer at CMS Dresdner Asset Management Sdn Bhd. He also worked as a fund manager at SBB Asset Management Sdn Bhd and as an investment executive at CIMB Securities Sdn Bhd. He commenced his career in the investment industry at RHB Asset Management Sdn Bhd. Currently, he is the chairman of Malaysian Association of Asset Managers (MAAM) and chairman of FTSE Bursa Malaysia Index Advisory Committee. He is a director of the Securities Industry Dispute Resolution Center (SIDREC) and also an invitee in the executive committee of Malaysia International Islamic Financial Centre (MIFC). He is a fellow of the Chartered Institute of Management Accountants of England and he obtained his Capital Markets Services Representative’s Licence in 1997 from the Securities Commission of Malaysia.