Role of the Investment Committee
The duties and responsibilities of the Investment Committee are as follows:
(a) Selecting appropriate strategies to achieve the proper performance of the Funds in accordance with the fund management policies;
(b) Ensuring that the strategies selected are properly and efficiently implemented by the Manager; and
(c) Actively monitor, measure and evaluate the fund management performance of the Manager/Fund Manager.
The Investment Committee meets at least 4 times a year.
The Investment Committee
The Investment Committee consists of four (5) members as follows:
Dato’ Dr Zaha Rina Zahari (appointed on 31 December 2013)
Dato’ Dr Zaha Rina received her BA (Hons) Accounting and Finance from Leeds, UK and holds a Doctorate in Business Administration, focusing on capital markets research and specializing in derivatives from Hull UK.
Dato’ Dr Zaha Rina was a Consultant to Financial Technologies Middle East based in Bahrain for the set up of Bahrain Financial Exchange (BFX) launched in January 2009. Prior to this Dato’ Dr Zaha Rina was with Royal Bank of Scotland Group in Singapore from August 2007 to May 2008. Dato’ Dr Zaha Rina has more than 25 years of experience in the financial, commodities and securities industry and the development of the Malaysian Capital Market, which includes managing a futures broking company, and was Chief Executive Officer of RHB Securities Sdn Bhd from 2004 to 2006. She has previous Board appointments at the Commodity and Monetary Exchange of Malaysia (“COMMEX”) from 1993 to 1996, then as the Chief Operating Officer (“COO”) of Kuala Lumpur Options and Financial Futures Exchange (“KLOFFE”) in 2001, which merged to become Malaysian Derivatives Exchange (MDEX) in June 2001.
Dato’ Dr Zaha Rina was then appointed Head of Exchanges, managing the operations of Kuala Lumpur Stock Exchange (KLSE), MESDAQ, MDEX and Labuan International Financial Exchanges in September 2003 prior to KLSE’s (now known as Bursa Malaysia Berhad) demutualisation. Dato’ Dr Zaha Rina is also a regular speaker at many international conference and forums.
Dato’ Dr Zaha Rina was a director of Zurich Insurance Malaysia Bhd from 2007 to 2013 prior to being appointed Chairman of Manulife Holdings Bhd in December 2013. Dato’ Dr Zaha Rina sits on the Board of Hong Leong Industries Bhd, Tanah Makmur Berhad and several private limited companies. Dato’ Dr Zaha Rina is also a member of Market Participants Committee (MPC) of Bursa Malaysia Securities Berhad since July 2014.
Dato’ Md Agil Bin Mohd Natt
Dato’ Md Agil bin Mohd Natt was appointed to the board on 29 June 2012. He holds a Bachelor of Science in Economics (Hons) degree from Brunel University, London and a Master of Science in Finance degree from the CASS Business School, London. He also attended the Advanced Management Program, Harvard Business School in the United States of America.
He started his career in Corporate Finance with Bumiputra Merchant Bankers Berhad in 1977 before serving as Senior General Manager (Finance) at Island & Peninsular Bhd in 1982. He was also the Regional Chief Representative of Kleinwort Benson Ltd before joining Malayan Banking Berhad (Maybank). Dato’ Agil Natt served the Maybank Group in various capacities including as Senior General Manager, Corporate Banking, Chief Executive Officer of Aseambankers Malaysia Berhad (now known as Maybank Investment Bank Berhad) and Executive Director and Deputy President of Maybank.
From 2006 until his retirement in 2011, Dato’ Agil Natt served as President and Chief Executive Officer of the International Centre for Education in Islamic Finance (INCEIF), The Global University of Islamic Finance, set up by Bank Negara Malaysia.
He currently sits on the Boards of Cagamas Berhad, Credit Guarantee Corporation Malaysia Bhd, Export-Import Bank of Malaysia Bhd, Sogo (KL) Department Store Sdn Bhd, Sogo (KL) Sdn Bhd and Sumitomo Mitsui Banking Corporation Malaysia Berhad. He is also a Member of the Board of Trustees of Yayasan Tun Abdul Razak.
Mr. Edmond Cheah Swee Leng
Mr. Edmond Cheah Swee Leng BA (Hons), A.C.A (England & Wales), CA (M), CFP, was appointed on 1 September 2014 and is an investment committee member of the Manager. Mr. Cheah is a member of the Institute of Chartered Accountants of England and Wales and a Chartered Accountant of the Malaysian Institute of Accountants. His professional experience has been in the fields of audit, merchant banking, corporate and financial advising, portfolio and investment management and unit trust management. Previously, he served as a director and investment committee member of MAAKL Mutual Bhd from February 2006 to August 2014. He also served as the Chief Executive Officer cum Executive Director and investment committee member of Public Mutual Berhad from 1992 to 2004. He was also formerly the President and founder member of the Financial Planning Association of Malaysia (FPAM), the Vice President and council member of the Federation of Investment Managers Malaysia, a former Task Force Member on Islamic Finance for Labuan Offshore Financial Services Authority (LOFSA), a former member on the Securities Market Consultative Panel in Bursa Malaysia and currently the Treasurer for the Society for the Prevention of Cruelty to Animals (SPCA). He coauthored a financial planning book entitled “Financial Freedom – Your Guide to Lifetime Financial Planning” and a second book entitled “Financial Freedom – Through Malaysian Equities and Unit Trusts”. He also sits on the boards of several public companies.
Non- Independent Members
Mr. Wong Boon Choy
Mr. Wong Boon Choy CA(M), CPA, CFP, was appointed to the Board on 1 September 2014. He was the Chief Executive Officer of the company from 1 September 2014 until 30 April 2017. Prior to that, he was the Chief Executive Officer and Executive Director of MAAKL Mutual Bhd from May 2004 to August 2014. He also served as the Senior General Manager of Public Mutual (formerly known as KL Mutual) in 1988 to 2004. Mr. Wong has accumulated more than 20 years of experience in the Malaysian unit trust industry. Before joining KL Mutual, he was with an international accounting firm for eight years.
Mr. Wong is a founder member and former President of the Financial Planning Association of Malaysia (FPAM). Currently, he is an Advisor to FPAM’s Board of Governors. He was also involved in establishing the Federation of Investment Managers Malaysia when he was appointed the Founding Secretary.
A strong believer in financial planning, he co-authored a financial planning book entitled “Financial Freedom – Your Guide To Lifetime Financial Planning” and a second book entitled “Financial Freedom – Through Malaysian Equities and Unit Trusts”. In June 2008, Mr. Wong co-authored a third book which revolves around the themes of health and wealth entitled "CHOICES – Live Well and Don’t Die Broke".
Mr. Chong Soon Min (Jason)
Mr. Chong Soon Min (Jason) was appointed as the Chief Executive Officer and Executive Director on 1 May 2017 and 21 May 2012 respectively. Prior to his current appointment, he was the Chief Investment Officer of the company. He was previously the Chief Investment Officer of a local-foreign bank backed joint venture unit trust management company, and has been responsible for the management of Malaysian equity as well as regional equity and fixed income funds, totalling about RM5 billion (approx. US$1.6 billion). Before joining the fund management industry, he spent 14 years as an investment analyst covering both local and foreign equities. His last posting was as the Head of Research at Merrill Lynch Malaysia/Smith Zain Securities Sdn Bhd.
He holds a Bachelor of Science degree in Economics and Finance (Honors) from the University of Southern New Hampshire, USA and a Capital Markets and Services Representative’s Licence in fund management.