Manager’s Delegate

AHAM Asset Management Berhad

AIIMAN has appointed AHAM Asset Management Berhad (“AHAM Capital”) to undertake and support the Operations covering fund operations, fund accounting and fund valuation, client and fund performance reporting, human resource, information technology and dealing by way of a service level agreement. Under the terms of the agreement, the AIIMAN’s delegate will carry out the following services:

Functions delegate	Scope of services
Fund Operations	Monitor trades settlement inclusive of matching executed trades, resolve any failed trades, dealing with custodian, dealing with counterparty, maintaining proper records
Fund accounting and fund valuation	Maintain proper accounts, carry out daily valuation/pricing for private mandate clients
Client and fund performance reporting	Provide data and reports on the performance of the funds for preparation of periodical reporting to clients
Human resource	Provide human capital services inclusive of recruitment, talent management, performance management, industrial management etc.
Information technology	Provide support related to IT infrastructure management, maintenance and support (both hardware and software) as well as provision for support of development and testing of a detailed disaster recovery plan
Dealing	Executing trade order for equity, fixed income, foreign exchange and money markets

In addition, AIIMAN also delegate the related control functions comprising compliance, risk and legal to AHAM Capital by way of service level agreement. Under the terms of the agreement, the AIIMAN’s delegate will carry out compliance and risk management services comprising monitoring, reporting, submission to regulator as well as advisory services.

Background information

AHAM Capital is an independently-managed, institutional-owned asset and wealth management firm that started its roots in 2001, serving the needs of corporates, institutions, pension funds, government-linked companies, high net worth individuals and the mass affluent. On 29 July 2022, CVC Capital Partners (“CVC”) – a leading global alternative investment and private equity firm – completed the acquisition of a 68.35% controlling interest in AHAM Capital via a private equity fund, i.e. CVC Capital Partners Asia V managed by CVC. Starlight Asset Sdn Bhd serves as the investment holding vehicle of CVC’s investment into AHAM Capital. AHAM Capital is also 27.0% owned by Nikko Asset Management International Limited, a wholly-owned subsidiary of Tokyo-based Nikko Asset Management Co. Ltd., an Asian investment management franchise. The remaining 4.65% are held by the key management personnel of AHAM Capital.

CIMB Islamic Trustee Berhad

AIIMAN appointed CIMB Islamic Trustee Berhad (“CITB”) to undertake the accounting and valuation function for the Fund by way of a service level agreement. Under the terms of the agreement, CITB would maintain proper accounts, and carry out daily valuation/pricing of the Fund.

CIMB Islamic Trustee Berhad was incorporated on 19 January 1988 and registered as a trust company under the Trust Companies Act, 1949 and having its registered office at Level 13, Menara CIMB, Jalan Stesen Sentral 2, Kuala Lumpur Sentral 50470, Kuala Lumpur, Malaysia. The Trustee is qualified to act as a trustee for collective investment schemes approved under the Act. CIMB Islamic Trustee Berhad has been involved in unit trust industry as trustee since 1990. It acts as Trustee to various unit trust funds, real estate investment trusts, wholesale funds, private retirement schemes and exchange traded funds.

KFin Technologies (Malaysia) Sdn. Bhd.

AIIMAN has appointed KFin Technologies (Malaysia) Sdn. Bhd (“Karvy”) to undertake the function of maintaining the register of unit holders, transaction processing, reconciliation and preparing relevant communication to investors. All fees and expenses arising out of this appointment are not charged to the Fund and are solely borne by AIIMAN as required by the Guidelines.

Background Information

Karvy is a wholly owned subsidiary of Karvy Computershare Private Limited (KCPL), head quartered in Hyderabad, India. KCPL is a joint venture company between Karvy Computershare Pte Ltd and Computershare Limited of Australia. Both Karvy and KCPL have combined services to over 70 million investors across 28 Mutual Funds (domestic & overseas funds) and more than 1000 corporate companies, both listed and unlisted together. Computershare Limited is an Australia headquartered global leader in share registration, employee equity plans, proxy solicitation, etc with 10,000 employees servicing 30,000 clients in 20 countries.

Karvy was incorporated in Malaysia on 8 March 2016 and commenced business on 25 April 2016. Karvy is registered as a private limited company to provide registrar and transfer agency services to asset management, investment management companies and insurance companies, with its business address at Suite 16.1, Level 16, Menara IMC, No.8 Jalan Sultan Ismail, 50250 Kuala Lumpur.

Karvy also leverages the support of its holding company, KCPL for certain processes of the abovementioned duties.