Threadneedle launches new Islamic capabilities in Malaysia

17 January 2014   Category: News, Asia, Malaysia   By Asia Asset Management

Threadneedle Investments has successfully obtained its licence in Malaysia and is now able to offer Shariah compliant capabilities to institutional investors including sovereign wealth funds, pension funds, insurance companies, government/ quasi-government entities, corporates and charities.

Syed Elias Alhabshi, who has been a senior advisor to Threadneedle in Singapore since September 2011, has been appointed chairman for Malaysia.

Mohd Farid bin Kamarudin (CEO of Malaysia) assumes the additional role of senior fixed income fund manager and will lead the effort to build out Threadneedle’s Shariah-compliant investment capabilities and become a senior member of the firm’s global investment team – previously he was executive director and head of Sukuks and alternative investments for AMIslamic Funds Management in Malaysia.

Also based in Malaysia, Sabrina Wong has been appointed as a fixed income analyst. Previously she held fund manager positions at Investec Asset Management and Bank Negara in Malaysia. 

The team is supported by the company’s Singapore regional office and global head office in London. 

Raymundo Yu, Threadneedle’s Asia Pacific chairman, said: “There is substantial untapped demand for Shariah products and in order to capture these opportunities we need to have in-depth understanding of our clients and ensure we are able to innovate and customise our offerings to clients to meet their needs.  With the launch of these new capabilities, we aim to make Threadneedle a centre of excellence for Islamic finance in Malaysia. 

“We have a strong team-based approach at Threadneedle, with a culture of open discussion, debate and sharing of ideas to give us a global perspective advantage.  The investment team in Malaysia will work closely with Threadneedle’s investment teams in Singapore and London supporting our global vision while continuing to focus on competing in local markets. This is an important strategic milestone for Threadneedle and further demonstrates our commitment to building a truly client-focused business for investors across Asia.”