ABOUT
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COMPANY OVERVIEW

The Manager of the Funds is ASNB, a wholly-owned subsidiary company of Permodalan Nasional Berhad (PNB). ASNB was established on 22 May 1979, to manage the Funds launched by PNB. Having been in the industry for more 40 years, ASNB has a total of 16 Funds with total value of Funds of RM277.86 billion as at 31st December 2021.

FINANCIAL INFORMATION OF ASNB

The following is the summary of the past performance of ASNB based on its audited accounts for the last five years from 2017 to 2021:

Year Ended 31 December
  RM’000
2021
RM’000
2020
RM’000
2019
RM’000
2018
RM’000
2017
Paid-up capital 30,000 30,000 30,000 30,000 30,000
Shareholders’ Funds 323,604 331,191 264,819 214,144 174,710
Revenue 1,287,501 1,216,277 1,345,089 1,443,123 1,252,218
Pre-tax profit 551,254 505,496 601,077 670,155 580,141
Profit After Tax & Zakat 407,412 375,372 451,675 498,434 436,050
BOARD OF DIRECTORS

ASNB has experienced members sitting on its Board of Directors with backgrounds in investment, finance and management of the public sector. The Board of Directors meets frequently should circumstances require to oversee and ensures that the objectives of the Funds are achieved. It is responsible for establishing the company's policies and guidelines towards meeting the objectives.

 



YABhg. Tun Arifin Zakaria
Chairman
Non-Independent Member



Encik Ahmad Zulqarnain Onn
Director
Executive/Non-Independent


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YBhg Datuk Seri Dr. Nik Norzrul Thani
N. Hassan Thani
Director
Non-Executive/Independent
 

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YBhg Dato' Dr. Nik Ramlah
Nik Mahmood
Director
Non-Executive/Independent
 

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YBhg Datuk Mohd Anwar
Yahya
Director
Non-Executive/Independent
 

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Encik Muzzaffar Othman
Executive Director
Executive/Non-Independent
 
MEMBERS OF THE INVESTMENT COMMITTEES
The Investment Committees of the Funds are responsible for the following:
  • To provide broad investment policies and guidelines for effective and efficient management of the Funds, incorporating good corporate governance and best practices in managing the Funds.
  • To provide guidance in meeting the objectives of the Funds and ensure competitive returns to the Unit Holders.
  • To approve investment plans and strategies for the short-term, Medium-term and Long-term horizons so as to enhance and maximise the value of the investment portfolio.
  • To consider all matters deemed appropriate.
  • On average, the respective Investment Committee meets once a month but may meet more frequently if necessary.
Members of the Investment Committee of the Unit Trust Funds Managed by ASNB
1 YABhg. Tun Arifin bin Zakaria
Chairman/Non-Independent Member
2Encik Ahmad Zulqarnain Onn
Non-Independent Member
3YBhg Tan Sri Dr. Mohd Daud Bakar
Independent Member
4YBhg Datuk Seri Dr. Nik Norzrul Thani bin N. Hassan Thani
Independent Member
5YBhg Dato’ Johan Ariffin
Independent Member
PNB SHARIAH ADVISORY PANEL
sMD

Tan Sri Dr. Mohd. Daud
Bakar
Chairman

sNG

Dato’ (Dr.) Haji
Nooh Gadot
 
sMZ

Prof Dato' Dr. Mahmood Zuhdi
Haji Ab. Majid
 
sMS

SS Dato’ Haji Mohamad Shukri
Mohamad
 
sAO

Dr. Aida Othman
 
sMZ

Encik Wan Abdul Rahim Kamil
Wan Mohamed Ali
 
sMZ

Datuk Prof. Dr. Mohamad Akram Laldin
 
THE MANAGEMENT
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Encik Muzzaffar Othman
Chief Executive Officer & Executive Director, ASNB
 

Encik Mohd Azlan Masood
Head, Customer & Channel Management, ASNB
 

Encik Mohd Ikhram Mokhtar
Head, Sales & Marketing Operations, ASNB
 

Puan Normazura Berahim
Head, Unit Trust Strategy & Product Management, ASNB
 
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Encik Mohd Ridza Yahya
Head, Preferred Client Management, ASNB
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Encik Ahmad Tarquin Mohammad Khalid
Head, Accounts, ASNB
 
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Encik Mohd Azuddin Sham Abdullah
Head, Business Solutions, ASNB
 

Encik Nurman Mohd Nawi
Vice President, Sales & Marketing Operations, ASNB &
Officer in Charge, Unit Holders Communication & Financial Education, ASNB
 

Puan Noorhaslinda Mohammad
Vice President, Customer & Channel Management, ASNB
 

Puan Murni Harnita Mokhtar
Vice President, Supervisory & Assessment Unit, ASNB
 
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Encik Mohd Yusri Surip
Officer in Charge, ASNB Wakalah Sdn. Bhd.
 
THIRD PARTY SERVICE PROVIDERS
The Manager has outsourced the following functions to PNB in order to be consistent with the PNB Group’s practice that the back office and supervisory functions of all entities within the PNB Group are centralised and carried out at group level. Since ASNB is a wholly-owned subsidiary company of PNB and forms part of the PNB Group, the supervisory functions of ASNB are sourced out to PNB in order to minimise duplication and streamlining of activities within the PNB Group to achieve optimum operational efficiency.

  1. Legal Services
  2. Human Resources Services
  3. Procurement Services
  4. Information Technology Services
  5. Corporate Communication Services
  6. Investment Processing Services
  7. Internal Audit Functions
  8. Risk Management Functions
  9. Compliance Functions
 
 
COMPLIANCE OFFICER

Cik Fairuz Suzana Hj Kamaruddin
Group Head, Compliance & Integrity PNB
 
 
GROUP COMPANY SECRETARY

Puan Hartini binti Zainal Abidin
Group Head, Company Secretary & Legal, PNB
 
 
CORRUPTION-FREE ENVIRONMENT
We are committed to applying the highest standards of integrity and ethical conduct in all our business activities and operations. We adopt a Bribery-Corruption Free Business Environment from any forms of bribery and corruption, and take a stern stance against such acts.




WHISTLEBLOWING


ASNB is committed to the highest standards of openness, probity and accountability. In line with this commitment, ASNB expects those who have concerns about any suspected improper conduct within ASNB to come forward and voice those concerns. For more information, kindly refer to Important Notes on the Whistleblowing Policy of The PNB Group.




Whistleblowing Complaint Form

CODE OF BUSINESS ETHICS (CoBE) OF THE PNB GROUP


This CoBE is applicable to the Board of Directors, senior management, employees, stakeholders and business associates of PNB Group. They are required to perform and work with honesty and integrity at all times and must comply with this CoBE. For details of the CoBE, kindly click here.

PNB GROUP ANTI-BRIBERY AND ANTI-CORRUPTION POLICY STATEMENT (PNB GROUP ABC Policy Statement)


This PNB Group ABC Policy Statement sets out the responsibilities of its Board of Directors, senior management, employees, stakeholders, as well as business associates with regard to observing and upholding its Bribery-Corruption Free Business Environment principle, which is part of its corruption prevention efforts. It also provides guidance and a broad set of standards that all of them, without exception, are required to comply with. For details of the PNB Group ABC Policy Statement, kindly click here.




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