The Manager, IPAM, is responsible for the overall management and administration of the Funds in line with the Deed, SC’s Guidelines and relevant laws. Its main responsibilities include the following:-
  • Managing the Funds in line with the Funds’ objectives as set out in the Deed
  • Administering the sales/repurchase transactions
  • Issuing reports (interim/annual report) to Unit holders on a timely basis
  • Ensure timely distribution of income or additional units, if any, to Unit holders
  • Maintain proper records of the Funds

The Manager has appointed Inter-Pacific Securities Sdn Bhd (IPS) at Group Level for the supervisory functions of Compliance and Internal Audit and back office functions of Finance, Human Resource and Information Technology. IPS was incorporated on 30 August 1972 and is a Participating Organisation of Bursa Malaysia Securities Berhad as well as a Trading Participant of Bursa Malaysia Derivatives Berhad.

The roles and responsibilities of IPS towards this arrangement shall encompass that of the overall functions of a Compliance Officer who oversees and ensures that the ongoing business activities of the Manager are in compliance with relevant and updated regulatory guidelines and practice, the overall internal audit functions to ensure that the operations of the Manager are conducted in accordance with established internal policies, standard operating procedures, regulatory guidelines and industry practice and the back office functions of Finance, Human Resource and Information Technology to run and to support the Company.

Abdul Halim Bin Haji Noordin

Independent Director
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Tan Mun Choy

Non-Independent Director
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Norulhadi Bin Md Shariff

Independent Director
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Nazzrul Azman Bin Din

Non-Independent Director
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Lim Tze Cheng

Non-Independent Director
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Nazzrul Azman Bin Din

Executive Director
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Lim Tze Cheng

Chief Executive Officer
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Chan Mei Lin

Head, Equity
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Subashini Tharmaratnam

Head, Internal Audit

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Loh Su Lin

Compliance Officer
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The Investment Committee is responsible for setting and determining the investment policies, objectives, guidelines and strategy of the Funds.The Investment Committee meets at least on a quarterly basis and more frequently when required to discuss investment strategies, to monitor, to measure and evaluate the Fund Manager’s performance, asset allocation and stock selection as well as review and monitor the portfolio performance against benchmarks and compliance issues.They also ensure the investment management of the Funds complies with the provisions of the Deed, the SC Act and Guidelines, securities law and internal investment restrictions and policies.The following persons are members of the Investment Committee for the Funds: –

Abdul Halim Bin Haji Noordin

Independent Member
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Norulhadi Bin Md Shariff

Independent Member
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Lim Tze Cheng

Non-Independent Member
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Najmiyah Binti Abd Hasan

Non-Independent Member
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In line with SC’s guidelines, the roles of AA as the appointed Shariah Adviser are as follows: –
  • To ensure that the Fund is managed and administered in accordance with Shariah principles.
  • To provide expertise and guidance in all matters relating to Shariah principles, including on the Fund’s deed and prospectus, its structure and investment process, and other operational and administrative matters.
  • To consult with SC where there is any ambiguity or uncertainty as to an investment, instrument, system, procedure and/or process.
  • To act with due care, skill and diligence in carrying out its duties and responsibilities.
  • Responsible for scrutinizing the Fund’s compliance report as provided by the compliance officer, and investment transaction reports provided by, or duly approved by, the Trustee to ensure that the Fund’s investments are in line with Shariah principles.
  • To prepare a report to be included in the Fund’s interim and annual reports certifying whether the Fund has been managed and administered in accordance with Shariah principles for the period concerned.
  • To review the Fund’s investments on monthly basis to ensure compliance with Shariah principles or any other relevant principles at all times.

The following designated persons are responsible for Shariah advisory matters of InterPac Dana Safi:

Suhaida Mahpot

Chief Executive Officer
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Ainul Azura Zakiyudin

Chief Operating Officer
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Siti Nurah Haron

Consultant
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The roles and responsibilities of Areca includes management of the investment portfolio in accordance with the investment objective and subject to the Capital Markets and Services Act (“CMSA”) and the Guidelines on Unit Trust Funds issued by the SC and any other relevant guidelines issued by the SC as well as the terms and conditions of the investment management agreement.
Edward Iskandar Toh Mr Edward Iskandar Toh graduated with a Business Studies (Banking & Finance) degree from Curtin University, Perth. He has over 27 years of experience in the fixed income markets in Malaysia. He began his career as a dealer in Arab Malaysian Merchant Bank on the money market desk. He then moved on to Phileo Allied Bank to become the Chief Dealer of the Money Market and Fixed Income division. After 11 years on the ‘sell’ side, he joined the ‘buy’ side in Avenue Asset Management as a fund manager for fixed income portfolios. He joined Areca in 2008 where he is currently the Chief Investment Officer for Fixed Income.

The following is a summary of the past performance of the Manager based on audited accounts for the last 3 years.

Year ended 30 April
*2018 (RM) 2017 (RM) 2016 (RM)
Paid-Up Capital 10,000,000 10,000,000 10,000,000
Shareholder’s Funds 11,135,086 11,393,063 11,394,219
Turnover 835,968 46,335 448,245
Pre-tax Profit (258,578) 4,482 558,436
After Tax Profit (257,977) (13,130) 478,043

* The figures for 2018 are up to 30 April 2018, being the latest date in which audited accounts of the Manager are available.