NOTIFICATION OF THE ISSUANCE OF FIRST SUPPLEMENTARY PROSPECTUS AND SECOND SUPPLEMENTAL DEED FOR NOMURA i-INCOME FUND 2 (“FUND”)
April 14, 2023
About Us
Nomura Islamic Asset Management
Nomura Islamic Asset Management obtained its Islamic fund management license in January 2009 from the Securities Commission Malaysia. The setup of an Islamic asset management arm is in line with Nomura Asset Management’s commitment and effort in inculcating the Responsible Investment Principles as Islamic Finance and Socially Responsible Investments (‘SRI’) notably, share much common grounds in its principles for investing.
NIAM’s setup was in line with our objective to expand the group’s Islamic footprint through branding NIAM as the global hub for Islamic asset management business for the group. Being the global hub for the group’s Islamic asset management business, we always ensure our control procedures are flexible enough to adhere to different Shariah standards preferred by clients of our Shariah compliant investment mandates.
As of 31 December 2021, Nomura Islamic Asset Management manages one (1) unit trust fund and one (1) wholesale fund with a combined NAV of MYR 1.05 billion (out of the Company’s total assets under management of MYR 9.6 billion during the same period).
Key Financial Highlights
| Financial Year Ended | MYR | ||
|---|---|---|---|
| Date | 31.03.2022 | 31.03.2021 | 31.03.2020 |
| Paid-up share capital | 7,000,000 | 7,000,000 | 7,000,000 |
| Shareholders’ funds | 28,248,085 | 23,372,562 | 16,123,836 |
| Revenue | 29,746,257 | 26,074,049 | 19,138,715 |
| Profit/Loss before taxation | 8,409,429 | 8,082,997 | 5,069,913 |
| Profit/Loss after taxation | 7,375,523 | 7,248,726 | 4,389,789 |
Meet Our Key People
Atsushi Ichii
Managing Director
Atsushi Ichii was appointed as the Managing Director of Nomura Islamic Asset Management Sdn Bhd on 4 December 2020. He has over 25 years of experience in the financial and capital markets industry, from both the sell-side and buy-side. He began his career at Nomura Securities in 1991 and since then, he has undertaken various business development roles in Nomura Group and other Japanese financial institutions. Throughout his career, he has worked in various countries such as Japan, Hong Kong, Switzerland, and countries in the Middle East, such as Bahrain and U.A.E
Hiew Teck Kong
Head of Malaysian Fixed Income & Global Sukuk
Hiew heads the Malaysia Fixed Income & Global Sukuk team, with more than 23 years’ experience in the industry. Hiew Teck Kong is one of the contributing member of the Emerging Bond Investment Meetings in Nomura Asset Management and actively participated in marketing roadshows showcasing Nomura Islamic Asset Management and Global Sukuk capabilities locally and in the Middle Eastern region, amongst others.
Nurmadihah Jusoh
Compliance Officer
Nurmadihah is the Compliance Officer at Nomura Islamic Asset Management Malaysia Sdn Bhd. She joined NIAM in August 2022. She has more than 8 years of experience in the areas of compliance in financial and capital market industry.
Investment Committee
The Investment Committee members’ convene at least 4 times a year to review on investment offerings managed by Nomura Islamic Asset Management. During the meetings, the members’ would review investment decisions undertaken on behalf of the funds’ managed by Nomura Islamic Asset Management, evaluate on the investment performance of the funds’ against their respective investment objectives; as well as, deliberate on product development ideas.
Non-independent member
Leslie Yap
Leslie has over 24 years of industry experience in funds management and research coverage. Leslie has headed the Investments team at NAMM since December 2007. Leslie overseeing the global equities team in Malaysia and responsible for investment management of global developed market equities. Leslie is one on the contributing member of the Global Equity Strategy Committee and the Global Stock Selection Committee in Nomura Asset Management.
Independent member
Johari bin Abdul Muid
Johari joined NAMM as an independent director in 2014. With over 30 years working experience in the financial industry, he started out his career as a money market dealer at CIMB Investment Bank before joining CIMB Securities to work in institutional sales. After 20 years with the CIMB Group, Mr Johari worked with several prominent financial firms in Malaysia. This includes ValueCap Sdn Bhd as Chief Investment Officer, the Employees Provident Fund (EPF) as Chief Investment Officer Equity and thereafter Deputy CEO, and RHB Bank Berhad as Managing Director. Mr Johari is a member of the Chartered Institute of Management Accountants in the United Kingdom.
Independent member
Julia Binti Hashim
Ms Julia joined the firm as an independent director on 27 August 2020 and brings with her over 30 years of working experience in the financial industry, since 1989. Ms Julia was previously at Principal Asset Management Berhad as the Chief Operating Officer, Asean region, overlooking operational divisions such as Finance, HR, Strategy, Legal, Risk, IT, Operations and Product Development across Principal Asset Management’s Southeast Asian entities. Before joining Principal Asset Management, Ms Julia was with CIMB Investment Bank Berhad for 23 years where her last position held was Head of Equities Malaysia and Head of Institutional Sales, ASEAN. Prior to that, Ms Julia was a fund manager at Arab Malaysia Investment Bank Berhad for 5 years. Ms Julia holds a Bachelor of Arts (Hons) Economics and Politics from University of London, School of Oriental & African Studies (SOAS).
Board of Directors
Director
Leslie Yap
Leslie Yap, CFA, is the Managing Director for Nomura Asset Management Malaysia Sdn. Bhd., and the Country Head for NAM’s business in Malaysia, since 1 November 2021. Prior to his appointment as Managing Director, he was the Head of Investments in Malaysia (a role he held since Apr 2015) where he oversees the global equities, Malaysian equities and Malaysian Fixed Income & Global Sukuk portfolio management teams in Kuala Lumpur.
Leslie has over 24 years of industry experience in funds management and research coverage. Together with the Global Equities team in Kuala Lumpur, he is responsible for the investment management of global developed market equities of over MYR 7 billion (Sept 2021), on behalf of Malaysia and overseas-based institutional investors.
Leslie is one of the contributing member of the Global Equity Strategy Committee and the Global Stock Selection Committee in Nomura Asset Management. He is also the Investment Committee member at Nomura Islamic Asset Management.
Leslie holds a Bachelor’s degree in Engineering from the University of Nottingham, U.K. He is also a CFA charter holder.
Managing Director
Atsushi Ichii
Atsushi Ichii was appointed as the Managing Director of Nomura Islamic Asset Management Sdn Bhd on 4 December 2020. He has over 25 years of experience in the financial and capital markets industry, from both the sell-side and buy-side. He began his career at Nomura Securities in 1991 and since then, he has undertaken various business development roles in Nomura Group and other Japanese financial institutions. Throughout his career, he has worked in various countries such as Japan, Hong Kong, Switzerland, and countries in the Middle East, such as Bahrain and U.A.E
Independent director
Johari bin Abdul Muid
Johari joined the firm as an independent director in 2014. With over 30 years working experience in the financial industry, he started out his career as a money market dealer at CIMB Investment Bank before joining CIMB Securities to work in institutional sales. After 20 years with the CIMB Group, Mr Johari worked with several prominent financial firms in Malaysia. This includes ValueCap Sdn Bhd as Chief Investment Officer, the Employees Provident Fund (EPF) as Chief Investment Officer Equity and thereafter Deputy CEO, and RHB Bank Berhad as Managing Director. Mr Johari is a member of the Chartered Institute of Management Accountants in the United Kingdom.
Independent director
Julia Binti Hashim
Ms Julia joined the firm as an independent director on 27 August 2020 and brings with her over 30 years of working experience in the financial industry, since 1989. Ms Julia was previously at Principal Asset Management Berhad as the Chief Operating Officer, Asean region, overlooking operational divisions such as Finance, HR, Strategy, Legal, Risk, IT, Operations and Product Development across Principal Asset Management’s Southeast Asian entities. Before joining Principal Asset Management, Ms Julia was with CIMB Investment Bank Berhad for 23 years where her last position held was Head of Equities Malaysia and Head of Institutional Sales, ASEAN. Prior to that, Ms Julia was a fund manager at Arab Malaysia Investment Bank Berhad for 5 years. Ms Julia holds a Bachelor of Arts (Hons) Economics and Politics from University of London, School of Oriental & African Studies (SOAS).
Chief Administrative Officer / Director
Chooi Su May
Chooi Su May is the Chief Administrative Officer of Nomura Asset Management Malaysia Sdn. Bhd. and oversees the Corporate Administration, Fund Administration and Trading departments. She joined the Company in 2008 and prior to assuming her current role, she was the Head of Compliance, Risk and Legal in the Company. She was appointed as director in June 2022.
Su May has over 20 years of working experience in the areas of compliance, legal, operational risks, audit and tax from various local and international companies across audit & tax advisory, insurance and capital markets industries.