Pheim Unit Trusts Berhad
Pheim Unit Trusts Berhad (PUTB or the Manager) started operations in April 2001 as a Unit Trust Management Company approved by the Securities Commission Malaysia. It is a wholly-owned subsidiary of Pheim Asset Management Sdn Bhd (PAMSB), formed to cater to the needs of retail investors and to provide a platform to tap into the asset management expertise of Pheim Malaysia and Pheim Islamic.
Capitalizing on the synergies among the Pheim Group — At Pheim, we benefit from the increased synergies among the Pheim affiliated entities: Pheim Asset Management Sdn Bhd, Pheim Asset Management (Asia) Pte Ltd, Pheim Unit Trusts Berhad, and Pheim Islamic Asset Management Sdn Bhd. These synergies have strengthened over time, broadened product offerings, and extended market reach.
Pheim Asset Management Sdn Bhd (Pheim Malaysia), founded by Dr. Tan Chong Koay, has been in operation since 4 January 1994 — one of the pioneer boutique asset management companies when the asset management industry in Malaysia was first liberalised. Licenced under the Capital Markets and Services Act 2007, it specialises in ASEAN and Asia ex-Japan equity markets, serving high-net-worth individuals, corporate investors, provident funds, insurance companies, and retail investors.
At Pheim, we always believe: "Your Need Is Our Focus."
Past 3-Year Financial Highlights
| Financial Year End | 31/12/2022 (RM'000) | 31/12/2023 (RM'000) | 31/12/2024 (RM'000) |
|---|---|---|---|
| Paid-up Share Capital | 12,000 | 12,000 | 12,000 |
| Shareholder's Funds | 14,671 | 14,808 | 14,866 |
| Revenue | 6,085 | 6,223 | 5,436 |
| Profit Before Tax | 1,264 | 990 | 864 |
| Profit After Tax | 940 | 737 | 658 |
Source: Pheim Unit Trusts Berhad audited financial statements. All figures in RM thousands.
Key Corporate Entities
Pheim Unit Trusts Berhad operates with a robust corporate structure supported by an independent trustee and a qualified Shariah adviser.
No. 1 & 3 Jalan P. Ramlee, 50250 Kuala Lumpur
100 Jalan Tun Perak, 50050 Kuala Lumpur
189 Jalan Tun Razak, 50400 Kuala Lumpur
Board of Directors
PUTB's Board comprises experienced professionals providing independent oversight and strategic direction across finance, capital markets, and corporate governance.
Chairman of the Board with independent oversight. Provides strategic leadership and governance across the company's fund management operations and regulatory compliance.
Independent director contributing governance expertise and objective oversight in the best interests of unit holders and the overall management of the fund's affairs.
Non-independent director representing the parent company, Pheim Asset Management Sdn Bhd, bridging group strategy with PUTB's operational direction and fund management objectives.
Management Team
Our experienced management team brings deep expertise across fund management, capital markets operations, and regulatory compliance.
Mr. Leong Hoe Kit is a seasoned C-suite executive with over 30 years of leadership experience across financial services, capital markets, and investment management. A Chartered Accountant, Fellow member of CPA Australia, and MBA holder, he brings a unique blend of strategic foresight, operational discipline, and financial acumen honed through senior roles in fund management, investment banking, and corporate finance.
His career spans inspirational leadership at award-winning asset management firms, high-stakes corporate turnarounds, strategic advisory roles in corporate deals, and cross-border investments. He has led regulatory licensing efforts, spearheaded strategic finance initiatives, and driven shareholder value creation in various sectors.
Among others, he has acquired professional experience at PwC, Hong Leong Capital, CLSA, and Pheim Asset Management. He also had a professional stint at Cairnsmore Services / Cairnsmore Capital, an offshore (Cayman Islands) funds management entity, which provided valuable experience in international funds management and administration.
Mr. Lee Chan San is an accomplished professional in operations with over 18 years of experience in the financial and capital market industry. He started his career in business outsourcing for insurance services in 1998, and in 2005 ventured into stockbroking, investment banking, and custodian banking.
He has demonstrated expertise in optimising operational efficiency while navigating the complexities of capital markets during his tenure with OSK Investment Bank Berhad in securities settlement, asset servicing, and corporate trusts.
Prior to joining PUTB, he served as Operations Lead in Local and Global Custody (LGC) at Deutsche Bank (M) Berhad from 2012 to 2023, streamlining foreign custody and foreign exchange transactions covering APAC, EMEA, and America, and improving SWIFT transmission processes.
En. Ahmad Izzudeen has over 10 years of experience in the Capital Market. He started his career as a Dealer's Representative for a local Investment Bank, handling sales, marketing, and trade execution, before joining a multinational asset management firm in a Central Dealing role.
Throughout his tenure with both companies, he gained extensive hands-on experience in Capital Market fundamentals and technicalities. His prior business-side experience has proven a significant complement to his proficiency in Compliance, giving him a well-rounded perspective on both commercial and regulatory requirements.
En. Izzudeen graduated with a Bachelor's degree in Actuarial Science from Heriot-Watt University, Edinburgh and a Masters in Islamic Finance Practice from INCEIF University. He is also an alumnus of SIDC's Islamic Capital Market Graduate Training Scheme (ICMTD Programme).
External Fund Managers
Pheim Unit Trusts Berhad has appointed Pheim Asset Management Sdn Bhd (PAMSB) and Pheim Islamic Asset Management Sdn Bhd (PIAMSB) as external investment managers for certain funds.
Pheim Asset Management Sdn Bhd (PAMSB) & Pheim Islamic Asset Management Sdn Bhd (PIAMSB)
PAMSB and PIAMSB are the external investment managers responsible for fund management activities of PUTB's funds. Together they manage assets under management (AUM) exceeding RM 1.04 billion across regional equity and multi-asset mandates.
Mr. Lee Ta Wei is the Chief Investment Officer of Pheim Asset Management Sdn Bhd (PAMSB). A CFA charterholder with a BEcon (Hons) degree from University of Malaya, he brings over 25 years of investment experience spanning equities research, portfolio management, and fund strategy across Malaysian and regional markets.
As CIO, Mr. Lee oversees all investment-related activities including portfolio strategy, stock selection, and risk management for the funds managed on behalf of Pheim Unit Trusts Berhad. His deep expertise in Asian equity markets has been instrumental in sustaining the long-term outperformance of Pheim's flagship funds.
Mr. Khoo Zing Sheng is a Portfolio Manager at Pheim Asset Management Sdn Bhd, responsible for managing a selection of PUTB's conventional equity and balanced funds. He brings strong analytical skills and regional market expertise to the investment process.
His focus spans fundamental bottom-up stock analysis, portfolio construction, and active risk management across Malaysian and ASEAN equity markets, supporting the CIO in delivering consistent long-term returns for unit holders.
Ms. Nurul Farhana Numan is an Investment Analyst at Pheim Islamic Asset Management Sdn Bhd, focusing on Islamic fund management and Shariah-compliant equity research. She plays a key role in the research and monitoring of PUTB's Islamic funds.
Her responsibilities include equity screening for Shariah compliance, fundamental analysis of regional equities, and supporting the portfolio management team in maintaining investment discipline aligned with Islamic finance principles.
Mr. Khirwan Mus Bin Wahap is an Investment Analyst at Pheim Asset Management Sdn Bhd, supporting the investment team with equity research and fundamental analysis across Asian and ASEAN markets.
He contributes to the research process through sector analysis, financial modelling, and company due diligence, helping the portfolio management team identify investment opportunities consistent with Pheim's value-oriented approach.
Compliance & Risk Management
The compliance and risk management functions of Pheim Unit Trusts Berhad (PUTB) have been delegated to Pheim Asset Management Sdn Bhd — the ultimate shareholder of PUTB.
Compliance Function
Overseen by a dedicated Compliance Officer appointed by the Board, responsible for ensuring adherence to all applicable laws, SC guidelines, and internal policies.
Risk Management
Risk oversight is managed at the group level by Pheim Asset Management Sdn Bhd, covering market risk, operational risk, and regulatory risk across all managed funds.
Delegation Notice: In accordance with the Guidelines on Unit Trust Funds issued by the Securities Commission Malaysia, PUTB has delegated its compliance and risk management functions to Pheim Asset Management Sdn Bhd. This arrangement is reviewed annually by the Board of Directors to ensure its continued adequacy and effectiveness.
Investment Committee
The Investment Committee comprises independent members with extensive expertise in fund management, capital markets, finance, and law. They provide independent oversight of investment decisions and strategy.
Puan Zarina Binti Omar
Managing Director of Efficient Frontier Capital Advisors Sdn Bhd. A Certified Financial Planner (CFP) and Shariah RFP with a BA in Accounting and Computing from University of Kent, UK. Previously held roles at Aseambankers, BHLB Asset Management, and PPB Asset Management as CIO. Member since 1 April 2008.
Encik Rostam Effendi bin Abdul Rahim
BSc in Business Administration (Finance) from University of Tulsa, USA. Previously with KAF Fund Management, Pheim Asset Management as Investment Analyst, and Public Finance Berhad. Currently with the Family Office of Tan Sri Ahmad Azizuddin for over 14 years. Member since 19 January 2022.
Mr. Mark Wing Kong
CEO of LB Aluminium Berhad and member of the Malaysian Institute of Certified Public Accountants. Formerly General Manager, Corporate Finance at Arab-Malaysian Merchant Bank (now AmInvestment Bank). Member since 7 March 2014.
Mr. Pee Ban Hock
Bachelor of Accounting from University of Malaya. Formerly Senior General Manager, Finance at Multi-Purpose Holdings Berhad Group, overseeing finance, investments and investor relations. Member since 2 January 2002.
Mr. Ho Sen Feek
In legal practice for over 46 years, currently a consultant at Messrs. Gan Teik Chee & Ho, Penang. Holds a Bachelor of Laws from the National University of Singapore. Director of ASEAN Emerging Companies Growth Fund Ltd and Pheim Asean All-Cap Equity Fund. Member since 2 January 2002.
Terms of Reference – Board of Directors
Revision Date: 20 September 2024