Getting to Know Us

Affin Holdings Berhad, a public listed company, is the flagship financial service subsidiary of Lembaga Tabung Angkatan Tentera (LTAT). The Affin group offers a wide spectrum of professional financial services ranging from commercial and investment banking, general and life insurance, stock and money broking, insurance broking, fund and unit trust management.

Affin Fund Management Berhad (AFMB), a licensed Fund Manager under the Capital Markets and Services Act 2007 in a wholly owned subsidiary of Affin Investment Bank Berhad. AFMB was incorporated on 18 April 1975 and began operations on 1 April 1997. Pursuant to a vesting order dated 26 June 2007 granted by the Kuala Lumpur High Court, all assets, rights, title, interest, undertakings, obligations and liabilities of Affin Trust Management Berhad (ATMB), then a wholly owned subsidiary of AFMB, were transferred to AFMB on 1 July 2007. As a result thereof, the management of all current and future businesses of ATMB was transferred to and has thereafter been carried out by AFMB. The consolidation of the asset management and the unit trust business allows AFMB to manage both corporate and retail funds i.e. unit trust companies, pension funds, insurance companies and high net-worth clients in the form of discretionary and direct mandates.

AFMB’s assets under management had grown to RM601 million as at 31 July 2009. The total assets under management comprise in-house unit trust funds as well as corporate discretionary clients. Currently, AFMB manages seven (7) unit trust funds namely Affin Equity Fund, Affin Islamic Equity Fund, Affin Capital Fund, Dana Islamiah Affin, Affin Islamic Money Market Fund, Affin Money Market Fund, and Affin Select Growth Fund with asset size of RM433 million as at 31 July 2009. AFMB has more than 10 years experience in investment management.

As at 31 July 2009, AFMB has a staff strength of 45, of which 33 are executives and 12 are non-executives.