Products/
Services Offered |
Description |
|
Unit Trusts |
Management of unit trust funds for retail investment solutions to mass market and high net worth investors. |
|
Wholesale Funds |
Management of wholesale funds catering to qualified investor mainly institutional and sophisticated investors. |
|
Private Client |
Provision of discretionary and non-discretionary asset management services for high net worth investors. |
As at 31 December 2018, HLAM has assets under management of RM16.21 billion, which includes 18 unit trust funds and 7 wholesale funds totalling RM 15.53 billion.
|
|
Year ended 30 June |
2018
RM |
2017
RM |
2016
RM |
|
Revenue |
61,488,658 |
44,074,336 |
30,577,181 |
|
Profit before taxation |
12,365,866 |
8,079,031 |
2,243,312 |
|
Profit after taxation |
9,285,065 |
6,328,274 |
1,805,749 |
|
|
As at 30 June |
2018
RM |
2017
RM |
2016
RM |
|
Paid-up share capital |
5,000,000 |
5,000,000 |
5,000,000 |
|
Shareholders’ funds |
17,761,622 |
13,976,557 |
12,648,283 |
The risk management function is outsourced to Hong Leong Investment Bank Berhad's ("HLIB") Risk Management Department. HLIB, which is a wholly-owned subsidiary of Hong Leong Capital Berhad, provides investment banking and capital market services and solutions across the region.
The role and duties of the outsourced Risk Management function is one of independent nature as part of the HLAM’s Senior Management’s strategy in implementing risk management policies as approved by the Board.
The scope of the approved independent risk management function outsourced to Group Risk is confined to Operational Risk Management; governed in accordance to the Group's Operational Risk Management Framework.
HLAM's internal audit function is outsourced to Hong Leong Investment Bank Berhad's ("HLIB"), Internal Audit Department ("IAD"). HLIB is a subsidiary of Hong Leong Capital Berhad, which is the holding company of HLAM. The IAD provides HLAM's Board of DIrectors the assurance it requires regarding the adequacy and integrity of the system of internal controls.
The IAD undertakes periodic and systematic reviews of internal control systems and the review of compliance with the business objectives, policies, reporting standards and control procedures of HLAM.