External Fund Manager
EXTERNAL FUND MANAGER
External Fund Manager: UOB Asset Management (Malaysia) Berhad
Areca has appointed UOB Asset Management (Malaysia) Berhad (“UOBAM (M)”) as the fund manager for the equity portfolio of Areca equityTRUST Fund. The role and responsibilities of UOBAM (M) includes management of the investment portfolio in accordance with the investment objective and subject to the Capital Markets and Services Act 2007 and the relevant guidelines issued by the Securities Commission of Malaysia (“SC”) as well as the terms and conditions of the investment management agreement.
UOBAM (M) is one of the foreign fund management companies in Malaysia, which offers investment management expertise to unit trust funds as well as institutions, corporations and individuals through customized portfolio management services. In addition, UOBAM(M) is also a holder of capital markets services license for digital investment management issued by the SC since 2019. UOBAM (M) is substantially owned by UOB Asset Management Ltd. (“UOBAM”), one of the largest fund managers in Singapore in terms of assets under management. UOBAM (M) which commenced its operations in March 1997 has more than 20 years’ experience in the fund management industry. It has the support and resource backing of an experienced team of investment professionals at UOBAM, who have specialized skills in portfolio investments in both the Asian and global markets. The total value of funds under management as at 30 November 2022 is RM8.1 billion.
As at 30 November 2022, the company has total staff strength of 66 personnel. The designated investment manager for the Fund is Ms. Lim Suet Ling. Ms. Lim Suet Ling is the chief executive officer and executive director of UOB Asset Management (Malaysia) Berhad. She graduated with a Bachelor of Business Administration (Hons) from the National University of Singapore in 1989 and is also a chartered financial analyst. She has more than 20 years of experience in the industry and has particular expertise in Malaysian and Asia ex-Japan equities. Her mandates have been wide ranging with varying investment styles and focus. She has held senior positions including the Malaysia equity team head of UOB Asset Management Ltd and has been the portfolio manager of several funds in both Malaysia and Singapore. She was promoted to executive director and chief executive officer of UOBAM (M) in 2005 to oversee the growth of the firm. Suet Ling holds a capital markets and services representative’s licence for the regulated activity of fund management.
