AHAM ASSET MANAGEMENT BERHAD (FORMERLY KNOWN AS AFFIN HWANG ASSET MANAGEMENT BERHAD)
The investment management function is delegated to AHAM Asset Management Berhad. As the External Fund Manager of the Fund, they are responsible for the asset allocation, selection of investments and implementation of investment decisions. They are required to report daily to the Manager details of all investment transactions to enable the Manager to compute the NAV of the Fund. Apart from daily reporting, they are required to provide monthly reports to be presented to the Investment Committee.
SSB has appointed AHAM on 1 June 2005 as External Fund Manager of the Fund to be responsible for providing investment management services to the Fund in accordance with the terms of the Investment Management Agreement subsequent supplemental agreements entered into between SSB and AHAM.
CORPORATE PROFILE OF AHAM ASSET MANAGEMENT BERHAD
AHAM was incorporated in Malaysia on 2 May 1997 and began its operations under the name Hwang–DBS Capital Sdn Bhd in 2001. AHAM has more than 20 years’ experience in the fund management industry. In late 2022, AHAM’s ultimate major shareholder is CVC Capital Asia Fund V, a private equity fund managed by CVC Capital Partners (“CVC”), which has approximately 68.35% controlling interest in AHAM. CVC is a global private equity and investment advisory firm with approximately USD125 billion of assets under its management. AHAM is also 20% owned by Nikko Asset Management Co., Ltd, a Tokyo- based asset management company, and 7% owned by Lembaga Tabung Angkatan Tentera.
AHAM’S DESIGNATED PERSON RESPONSIBLE FOR MANAGEMENT OF SAS PORTFOLIO
David Ng Kong Cheong – Deputy Managing Director & Chief Investment Officer
David Ng joined AHAM in 2002 as Head of Equities and assumed the role of Chief Investment Officer in September 2006. In January 2018, he was made jointed Deputy Managing Director, while retaining his position and responsibility as Chief Investment Officer. He personifies the investment-led culture of the firm.
David has been responsible for successfully steering client portfolios through different market cycles including periods punctuated by periods of significant volatility and uncertainty. His astute and decisive guidance has allowed the Company to remain ahead of its peers. More than two decades later, he has built the investment team from just four fund managers to a 57-strong team (as at August 2023) accross all investment departments. Under his foresight and vision, the team has evolved from having a domestic focus to one with regional investment capabilities and corresponding track record. During the period when he was managing Malaysia Equities, he garnered investment awards for a number of consecutive years from the largest pension fund in Malaysia. He also leads the Asia Equities team.
The investment team’s search for alpha is centered around an absolute return investment philosophy. He encourages his team to have a 360-degree perspective by focusing not only on finding good ideas, but keeping their ears on the ground and their eyes to the world as well as being forward-looking.
He graduated with a double degree in Bachelor of Commerce (Accounting) and Bachelor of Law from Monash University in Melbourne, Australia; and is also a Chartered Financial Analyst (CFA) Charterholder. He started his career at a large law firm before venturing into fund management with a local bank-backed fund management house in 1998.
David Wong, Portfolio Manager
Prior to joining AHAM Asset Management in May 2020, David spent 6 years in the industry conducting research. He started his career in KAF Investment Bank as a credit research analyst, covering the Malaysian banking & infrastructure sectors for 2 years. He subsequently joined UOB Asset Management as an equity analyst & spent 3 years covering the consumer & banking sectors before a short stint with Manulife Investment Management, covering the O&G and manufacturing sectors.
David graduated with Honours from the National University of Singapore where he majored in Mechanical Engineering under the ASEAN scholarship programme. He earned his Masters in Finance from the University of Edinburgh Business School where he graduated with First Class Honours.