CIMB-Principal Asset Management Berhad (CIMB-Principal) is a premier asset management company with regional investment capabilities. Established in 1995, it is one of the largest asset management companies in Malaysia with regional footprint covering Singapore, Indonesia and Thailand.
CIMB-Principal aspires to be Southeast Asia’s most valued investment management company offering total asset management solutions. It manufactures and distributes a comprehensive range of unit trust funds, and manages customised portfolio mandates for corporations, institutions, as well as government and pension funds. Its regionally integrated team of dedicated investment professionals offers expertise ranging from equity, fixed income, cash management, and Shariah-compliant fund management.
About CIMB-Principal Asset Management Berhad.
CIMB-Principal holds a Capital Markets Services License for fund management and dealing in unit trust products under the CMSA and specialises in managing and operating unit trusts for investors, both institutional and retail. CIMB-Principal’s responsibilities include managing investment portfolios by providing fund management services to insurance companies, pension funds, unit trust companies, corporations and government institutions in Malaysia. In addition, CIMB-Principal is an approved private retirement scheme provider in Malaysia.
As at latest practicable date ("LPD"), CIMB-Principal was responsible for managing more than RM45.39 billion on behalf of individuals and corporations in Malaysia.
It originally commenced its operations as a unit trust company in November 1995. As at LPD, CIMB-Principal has more than 19 years of experience in the unit trust industry.
As at LPD, the shareholders of the company are CIMB Group (60%) and PIA (40%). CIMB Group is held in majority by CIMB Group Holdings Berhad. It is a fully integrated investment bank. It offers the full range of services in the debt markets, the equity markets and corporate advisory. Member companies of CIMB Group also provide services in lending, private banking, private equity, Islamic capital markets as well as research capability in economics, equity and debt markets.
PIA is a private company incorporated in Hong Kong and its principal activity is the provision of consultancy services to other PFG group of companies. PIA is a subsidiary of the PFG, which was established in 1879 and is a diversified global financial services group servicing more than 15 million customers.
As at LPD, CIMB-Principal managed 46* conventional unit trust funds (including 2 Exchange-Traded Funds) and 20* Islamic unit trust funds.
In addition to being able to draw on the financial and human resources of its shareholders, CIMB-Principal has a staff strength of 324, comprising of 285 Executives and 39 Non-Executives, as at LPD.
The primary roles, duties and responsibilities of CIMB-Principal as the Manager of the Funds include:
*Information updated as at 31st October 2016.
- Maintaining a register of Unit holders
- Implementing the appropriate investment strategies to achieve the Funds’ investment objectives;
- Ensuring that the Funds have sufficient holdings in liquid assets
- Arranging for the sale and repurchase of units
- Calculating the amount of income to be distributed to Unit holders, if any
- Maintaining proper records of the Funds
||31 December 2015
|31 December 2014
|31 December 2013
|Issued and paid-up share capital
|Profit before taxation
|Profit after taxation
CIMB-Principal is jointly owned by CIMB Group, one of Southeast Asia’s leading universal banking groups; and The Principal Financial Group, U.S.A., a NYSE-listed global financial service company and a leading Fortune 500 company.
The shareholders of CIMB-Principal are CIMB Group Sdn Bhd and Principal Financial Group, which respectively own 60% and 40% of the company.
CIMB Group is a leading ASEAN universal bank, one of the largest Asian investment banks and one of the world's largest Islamic banks. CIMB is headquartered in Kuala Lumpur, Malaysia and offer consumer banking, commercial banking, wholesale banking, Islamic banking and asset management products and services. As the fifth largest banking group in ASEAN, CIMB has over 40,000 staff in 17 locations across ASEAN, Asia and beyond.
Principal Financial Group is a leading Fortune 500 global financial services group established over 125 years ago. The Group offers a wide range of financial products and services including retirement and investment services, life and health insurance and mortgage banking through its diverse family of financial services companies.