Products/
Services Offered |
Description |
|
Unit Trust Funds |
Establishment and management of unit trust funds for provision of investment solutions to mass market. |
|
Wholesale Funds |
Establishment and management of wholesale funds for provision of investment solutions for sophisticated investors. |
|
Private Mandates |
Provision of discretionary and non-discretionary fund management services for retail and institutional investors. |
|
Private Retirement Schemes |
Establishment and management of private retirement schemes for provision of investment solutions to mass market. |
As at 31 December 2022, HLAM has assets under management of RM11.37 billion, which includes 21 unit trust funds, 5 wholesale funds and 4 private retirement schemes totalling RM 10.70 billion.
|
|
Year ended 30 June |
2022
RM |
2021
RM |
2020
RM |
|
Revenue |
92,183,760 |
95,877,709 |
89,474,483 |
|
Profit before taxation |
25,116,184 |
25,371,464 |
27,883,831 |
|
Profit after taxation |
19,020,179 |
19,186,878 |
20,995,609 |
|
|
As at 30 June |
2022
RM |
2021
RM |
2020
RM |
|
Paid-up share capital |
5,000,000 |
5,000,000 |
5,000,000 |
|
Shareholders’ funds |
26,564,830 |
26,544,651 |
25,357,773 |
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.