Pheim Asset Management Sdn Bhd (Pheim Malaysia) and Pheim Islamic Asset Management Sdn Bhd (Pheim Islamic) (Collectively known as “External Fund Managers”)
The investment management function of the Manager has been delegated to Pheim Malaysia and Pheim Islamic, both are holders of the Capital Markets Services Licence as approved by the Securities Commission Malaysia.
| FUNDS | OUTSOURCED TO |
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Pheim Malaysia |
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Pheim Islamic |
On the other hand, the compliance and risk management functions of the Manager have been delegated to Pheim Malaysia – the ultimate shareholder of both PUTB and Pheim Islamic.
Pheim Malaysia commenced its operations on 4 January 1994, founded by Dr Tan Chong Koay, is one of the pioneer boutique asset management companies when the asset management industry in Malaysia was first liberalised. Being one of the maiden asset management companies in Malaysia, Pheim Malaysia is licenced under the Capital Markets and Services Act 2007, specializing in ASEAN and Asia ex-Japan equity markets.
Pheim Islamic, a wholly-owned subsidiary company of Pheim Malaysia, is an Islamic asset management company that has obtained its Capital Markets Services Licence from the Securities Commission Malaysia on 4 October 2021. Pheim Islamic is established to add value to Malaysia’s Islamic capital market and promoting Kuala Lumpur as a key Islamic fund management centre. Pheim Islamic also complements to the attainment of the objectives of the Securities Commission Malaysia’s Islamic Fund and Wealth Management Blueprint, among others, tapping on the growing demand from institutional and global investors on Islamic funds.
As a delegate of the Manager, the External Fund Managers implement the investment strategies determined by the investment committee and manage the Funds on behalf of the Manager. The External Fund Managers have the discretionary authority over the investments of the Funds subject to the Guidelines and regulations issued by the relevant authorities, i.e. the Securities Commission Malaysia and Bank Negara Malaysia.
The External Fund Managers report to the investment committee of the Funds on a monthly basis on the status of the Funds; propose investment strategies; and discusses matters relating to the Funds. Apart from the monthly meetings, the investment committee will meet with the External Fund Managers more frequently should circumstances require.
The remuneration of Pheim Malaysia and Pheim Islamic is borne by the Manager.
As at 31 December 2021, the total value of the assets under management of the External Fund Managers was RM994.5 million.
click here to view Pheim Asset Management Sdn Bhd’s website.
Fund Manager of the Funds
Dr. Tan Chong Koay, Chief Strategist
Dr. Tan Chong Koay has been in the fund management industry for more than 45 years. He is a Chartered Fellow of Chartered Management Institute (UK) and Fellow of the Institute of Financial Accountants (UK) and Fellow of Institute of Public Accountants (Melbourne, Australia). He is also the Founder & Chief Strategist of Pheim Malaysia and Pheim Singapore. His original and proven Investment Philosophy of “Never Fully Invest at All Times” has allowed him to successfully weather through many major crises and navigate through the volatile Asian/ASEAN markets and establish consistent and outstanding long-term track records.
In 1987, Dr. Tan was rated by William Mercer Zainal Fraser as the Top Manager for Retirement & Pension Funds in Malaysia. He was named by Bloomberg the “Second Board King of Malaysia” in 1998 and “Southeast Asia’s Small-Cap King” in August 2006. Citing Dr. Tan for truly enhancing value investing, World Wealth Creation Conference Singapore 2017 named him “The Warren Buffett of Asia”. Dr. Tan was awarded “China Top 10 Financial Intelligent Persons Special Award 2010” by People’s Republic of China in 2010. Also in 2010 and 2016, he was accorded the Outstanding Entrepreneurship Award by Enterprise Asia. In 2012, he was awarded “The Most Respected Chinese Entrepreneurship Award in Asia Pacific” by China Economic Trading Promotion Agency, People’s Republic of China. In 2014, Dr. Tan was named one of the 80 Global Chinese Eminent Business Leaders by Beijing-based The China Daily. Dr Tan was also awarded the “National Outstanding Entrepreneurs Lifetime Achievement Award” by the Kingsley Strategic Institute For Asia Pacific (KSI) in March 2021.
Mr. Leong Hai Liang
Mr. Leong Hai Liang has 18 years of working experience of which 13 and a half years were in the fund management industry. He joined Pheim Malaysia in August 2021 and has been appointed as a Fund Manager.
Prior to joining Pheim Malaysia, Mr. Leong worked as an investment analyst at VCAP Asset Managers Sdn Bhd for about 1 and a half years performing fundamental research of companies and making investment recommendations under his coverage. His responsibilities also included initiating new stock coverage, and building and maintaining financial models for the investee companies.
Before that, Mr. Leong was a Senior Investment Analyst at BOS Wealth Management Malaysia Berhad (formerly known as Pacific Mutual Fund Berhad) for 7 years where he was responsible for managing private mandates and unit trust portfolios, research and analysis of companies and industries. He was also responsible for preparing fund performance reports and conducting presentations and market outlook for clients.
Mr. Leong began his career in the capital market industry in 2007 as a Research Analyst in TA Investment Management Bhd and was in charge of conducting research and analysis of various industries and corporations.
Encik Khirwan Mus Bin Wahap
Encik Khirwan Mus Bin Wahap holds the Bachelor of Science in Business Administrations, Travel Industry Management at Hawaii Pacific University, USA and graduated in Year 1999. After his graduation, En. Khirwan returned to Malaysia and worked in the tourism industry for almost 2 years.
In Year 2001, En. Khirwan joined PUTB as the compliance officer for 7 years and responsible for ensuring the Manager is in compliance with the capital market regulations.
En. Khirwan was then transferred to Pheim Malaysia as the Financial Analyst for 3 years and subsequently becomes the Senior Central Dealer for more than 9 years. Subsequently, En. Khirwan was transferred to Pheim Islamic when it was licensed by the Securities Commission Malaysia as a Capital Markets Services License holder.
Ms. Law Yin-Lyn
Ms. Law Yin-Lyn joined Pheim Malaysia as an investment analyst in 2021 where she is responsible for providing analysis, evaluation and investment actions on the companies that are under her coverage. On the portfolio management side, she assists fund managers in managing funds and this responsibility includes deploying strategic and tactical portfolio management based on the current view. The method is applied to all clients’ portfolio, which are investing in Asia and Malaysia. Ms. Law Yin-Lyn was subsequently transferred to Pheim Islamic and becomes the fund manager for Pheim Islamic.
She started her career in the financial industry in 2016 as an equity analyst at RHB Asset Management Sdn Bhd. She has experience covering the consumer, manufacturing, and technology sectors.
Ms Law Yin-Lyn holds a degree in Bachelor of Commerce from the Australian National University and graduated in 2013.
Note: Mr. Leong Hoe Kit (ex-Chief Executive Officer, Pheim Malaysia; and ex-Non-Independent Director of PUTB) and Puan Mutiara Zulkifli (ex-Fund Manager) have resigned effective March 2020 and August 2020, respectively. The profile of Mr. Leong and Puan Mutiara is hereby deleted in its entirety.