Maybank Asset Management and Schroders enter strategic partnership targeting Malaysian wealth market
(From left to right) Mr Abdul Razak Ahmad, Chief Investment Officer, MAM Malaysia; Dr Hasnita Dato’ Hashim, Chairman, MAMG; Mr Badrul Hisyam, Chief Executive Officer, MAMG; Ms Susan Soh, Chief Executive Officer, Schroder Investment Management Singapore; Mr Alan Cauberghs, Head of Private Assets, Schroder Investment Management and Mr Simon Lints, Chief Executive Officer, Schroders Wealth Management Singapore.
News Release
Collaboration draws on strengths of two powerhouses, to co-develop range of specialist investment solutions
KUALA LUMPUR, 13 November 2018 – Maybank Asset Management Group (“MAMG”) and Schroder Investment Management (Singapore) Ltd (“Schroders Singapore”) announced today the launch of a long-term strategic partnership to co-develop a range of specialist investment solutions for the growing and increasingly sophisticated wealth market in Malaysia.
The collaboration will draw on the strengths of both the regional footprint of MAMG, an established Malaysian asset manager, and the investment expertise of Schroders, a leading global asset manager.
Marking the start of this collaboration, two discretionary portfolios will be launched in November 2018 – Global High Dividend Equity Portfolio and Global High Conviction Portfolio. These bespoke solutions will be managed by Maybank Asset Management Malaysia (“MAM Malaysia”), a unit of MAMG, and offered to sophisticated investors, with Schroders Singapore as the investment adviser.
Badrul Hisyam, Chief Executive Officer of MAMG said:
“MAMG has over 30 years of investment experience serving clients in Malaysia and the wider ASEAN region, helping them to tap on market opportunities. We recognise the growing demand for sophisticated, outcome-oriented global investment solutions, particularly among the High Net Worth (HNW) community. We are therefore committed to delivering a range of global investment strategies to cater to their evolving financial needs, through a pioneering tie-up with Schroders.
“We are delighted to find a long-term strategic partner in Schroders, who shares the same values of placing clients’ interest first. By integrating our strength in local wealth management with their global investment capabilities, the resulting synergy will allow us to deepen our foothold in the Malaysian wealth market, through dedicated offerings designed to achieve investors’ desired outcomes.”
Susan Soh, Chief Executive Officer of Schroders Singapore said:
“We are delighted to partner with MAMG in seeking to deliver unique alpha-generating investment ideas to Malaysian investors. With more than 200 years of investment experience, we bring to MAM Malaysia not just the best of Schroders’ global investment expertise, but also the experience of our Wealth Management arm in providing wealth and advisory solutions for HNW clients.
“We believe our ability to combine the key tenets of asset management and wealth management offers a differentiated value proposition to MAM Malaysia’s clients.“
As part of this continuing partnership, MAMG and Schroders will undertake further collaboration projects in 2019 to co-develop solutions across other asset classes, including Shariah-compliant Investments and Private Assets.
Maybank Asset Management Group (MAMG) is one of the pioneers in the Malaysian asset management industry with over 30 years of experience specialising in Asian markets and is owned by Maybank Group and Permodalan Nasional Berhad.
Today, MAMG has entities across 3 key ASEAN markets namely Malaysia, Singapore and Indonesia providing a diverse range of Asian focused investment solutions for conventional and Islamic assets. In addition to fund management services, MAMG also offers alternative investment solutions through its private equity arm. The portfolio management services cater to all types of investors including corporate and institutions, high net-worth individuals and mass retail. Maybank Asset Management Group of Companies comprises Maybank Asset Management Group Berhad, Maybank Asset Management Malaysia Sdn. Bhd., Maybank Islamic Asset Management Sdn. Bhd., Maybank Private Equity Sdn. Bhd., Maybank Asset Management Singapore Pte. Ltd. and PT Maybank Asset Management.
MAMG has vast capabilities in managing local and Asian focused portfolios ranging from equity, fixed income to money market instruments for corporations, institutions, pension funds, insurance and Takaful companies and individual clients through direct mandates, unit trust and wholesale funds. MAMG’s AUM is at RM33.7 billion as of end September 2018.
For more information, please visit www.maybank-am.com
About Schroders
As a global investment manager, we help institutions, intermediaries and individuals meet their goals, fulfil their ambitions, and prepare for the future. But as the world changes, so do our clients’ needs. That’s why we have a long history of adapting to suit the times and keeping our focus on what matters most to our clients.
Doing this takes experience and expertise. We bring together people and data to spot the trends that will shape the future. This provides a unique perspective which allows us to always invest with conviction. We are responsible for £449.4 billion (€508.2 billion/$593.3 billion)* of assets for our clients who trust us to deliver sustainable returns. We remain determined to build future prosperity for them, and for all of society. Today, we have 4,600 people across six continents who focus on doing just this.
We are a global business that’s managed locally. This allows us to always keep our clients’ needs at the heart of everything we do. For over 200 years and more than seven generations we’ve grown and developed our expertise in tandem with our clients’ needs and interests.
Further information about Schroders can be found at www.schroders.com.sg
