External Investment Managers
Lion Global Investors Limited has been appointed as the external investment manager for TA South East Asia Equity Fund.
A member of the Oversea-Chinese Banking Corporation Limited (OCBC) Group, Lion Global Investors is one of the largest asset managers in Southeast Asia with over 38 years of expertise. Affirmed by over 38 years of expertise, Lion Global Investors is dedicated to managing Asian equities and fixed income for institutional and retail investors globally. Established since 1986, Lion Global Investors is uniquely positioned to provide Asian fixed income, Asian equity and Asian multi-asset strategies (absolute and relative basis) to both institutional and retail investors globally. Clients are served by one of the largest and most experienced investment teams in Asia dedicated to asset management. Comprising over 50 investment professionals, averaging 27 years of financial industry experience and beyond, more than half of Lion Global Investors’ investment professionals hold the Chartered Financial Analyst (CFA) designation. Headquartered in Singapore, Lion Global Investors enjoys the advantage of seamless and coordinated access to all management, investment, support and operational functions. This centralised approach provides Lion Global Investors with efficiency in serving clients globally.
The total value of funds under management is SGD68.4 billion (USD51.0 billion) as at 31 December 2022. SGD69.9 billion (USD53.0 billion) as at 31 December 2023. SGD70.0 billion (USD51.3 billion) as at 31 December 2024.
For more information about Lion Global Investors Limited, please visit www.lionglobalinvestors.com.
MATERIAL LITIGATION AND ARBITRATION
On 6 July 2011, Lion Global Investors Limited was served a claim by the Liquidators of Fairfield Sentry Limited (“FSL”) in the U.S. Bankruptcy Court in New York seeking recovery of redemption payments allegedly made to Lion Global Investors by FSL amounting to US$50,583,443. On 7 October 2011, Lion Global Investors was served a claim by the Trustee in Bankruptcy of Bernard L. Madoff Investment Securities LLC seeking recovery of the same sum of redemption payments. Although there are two claims, they are in respect of the same payment. Lion Global Investors is of the view that both claims are misguided as the monies were never received by it. These proceedings are still ongoing but Lion Global Investors Limited is confident that it will be able to successfully dismiss both claims.
Besides the two claims mentioned above, Lion Global Investors attests that it is not currently involved in any material litigation or arbitration, whether pending or threatened, or aware of any facts that is likely to give rise to any proceeding which might materially affect its business or financial position.
Fullerton Fund Management Company Ltd (“Fullerton”) has been appointed as the external investment manager for TA Global Absolute Alpha Fund, TA Asia Absolute Alpha Fund, TA Global Absolute ESG Alpha Fund, TA Global Absolute Alpha-i Fund and TA Total Return Income Fund.
Fullerton is an active investment specialist with assets under management of USD$41.7 billion as at 31 December 2024.
At Fullerton, we are focused on optimising investment outcomes and enhancing investor experience. We help clients, including government entities, sovereign wealth funds, pension plans, insurance companies, private wealth, and retail, from the region and beyond, to achieve their investment objectives through our suite of solutions. Our expertise encompasses equities, fixed income, multi-asset, alternatives, and treasury management, across public and private markets. As an active manager, we place strong emphasis on performance, risk management, and investment insights.
Incorporated in 2003, Fullerton is headquartered in Singapore, and has associated offices in Shanghai, Jakarta, and Brunei. Fullerton is part of Seviora, an asset management group owned by Temasek. Income Insurance Limited, a leading Singapore insurer, is a minority shareholder of Fullerton.
As at 31 December 2024, Fullerton is not engaged in any material litigation and arbitration, including those pending or threatened, and is not aware of any facts likely to give rise to any proceedings which might materially affect its business/financial position.
TA GLOBAL ABSOLUTE ALPHA FUND
The designated fund managers are Ken Goh, Roslin Zhu and Amos Tan. Their profiles are as set out below:
Ken Goh, CFA
Chief Investment Officer (CIO)
Ken is CIO at Fullerton. He sets the strategic direction for the investment team and is responsible for overseeing the investment performance of all portfolios. Ken also manages Fullerton’s Global Absolute Alpha, Asia Focus and Asia Absolute Alpha Equities strategies.
Ken joined Fullerton in 2017 as Head of Equities and was additionally appointed Deputy CIO in 2020. He was previously CEO of CIMB Principal Asset Management’s Singapore office. He was also concurrently Regional CIO and Regional Head of Equities. Before he joined CIMB Principal in 2007, he held various senior positions in APS Asset Management, MeesPierson Private Bank, Allianz Dresdner Asset Management and Philip Capital Management. Earlier in his career, Ken worked at the Government of Singapore Investment Corporation (GIC).
Ken graduated from National University of Singapore with a First-Class Honours in Business Administration. He is also a CFA charterholder.
Roslin Zhu, CFA
Managing Director, Head of Global Equities
Roslin is Head of Global Equities, and a Portfolio Manager in the Equities team at Fullerton. She is responsible for managing Fullerton’s Global Absolute Alpha Equities strategy.
Roslin joined Fullerton in 2018. She was previously the Fund Manager for the CIMB-Principal Asia Pacific Dynamic Income Fund and Islamic Greater China Fund. Prior to that, she was an Equity Analyst and has been with CIMB Principal Asset Management since 2009. Roslin began her career as an analyst for the BRIC fund with Tantallon Capital Advisor.
Roslin holds a Master of Chemical Engineering degree, in addition to a Bachelor of Chemical Engineering degree, from the National University of Singapore. She is a CFA charterholder.
Amos Tan
Director, Equities Portfolio Manager
Amos is a Portfolio Manager in the Equities team at Fullerton, and he is responsible for managing global equities portfolios.
Amos joined Fullerton in 2022. He was previously a developed market equities portfolio manager at Nomura Asset Management and was responsible for managing a Global Islamic Developed Equities portfolio. He also provided coverage for the Japanese market and commodities sector. Prior to Nomura, he was an investment analyst covering commodities and Australia. He started his career as on the sellside and has worked an associate in Deutsche Bank and AmInvestment Bank.
Amos holds a Bachelor of Commerce (Finance & Marketing) from Curtin University in Australia.
TA ASIA ABSOLUTE ALPHA FUND
The designated fund managers are Ken Goh and Brian Wee. Their profiles are as set out below:
Ken Goh, CFA
Chief Investment Officer (CIO)
Ken is CIO at Fullerton. He sets the strategic direction for the investment team and is responsible for overseeing the investment performance of all portfolios. Ken also manages Fullerton’s Global Absolute Alpha, Asia Focus and Asia Absolute Alpha Equities strategies.
Ken joined Fullerton in 2017 as Head of Equities and was additionally appointed Deputy CIO in 2020. He was previously CEO of CIMB Principal Asset Management’s Singapore office. He was also concurrently Regional CIO and Regional Head of Equities. Before he joined CIMB Principal in 2007, he held various senior positions in APS Asset Management, MeesPierson Private Bank, Allianz Dresdner Asset Management and Philip Capital Management. Earlier in his career, Ken worked at the Government of Singapore Investment Corporation (GIC).
Ken graduated from National University of Singapore with a First-Class Honours in Business Administration. He is also a CFA charterholder.
Brian Wee, CFA
Managing Director, Head of Asia Equities
Brian is the Head of Asia Equities, and a portfolio manager in the Equities team at Fullerton Fund Management. He is responsible for managing Fullerton’s Asia Absolute Return strategy.
Brian joined Fullerton in 2016. Prior to this, he worked as a portfolio manager and analyst at Goldman Sachs, Aviva Investors and UOB Asset Management, where he covered various sectors, including technology, internet, telecom and infrastructure.
Brian is a CFA charterholder. He graduated with a Bachelor of Commerce degree from the University of Melbourne.
TA GLOBAL ABSOLUTE ESG ALPHA FUND
The designated fund managers for the External Investment Manager are Ken Goh, Roslin Zhu and Theo Kim. Their profiles are as set out below:
Ken Goh, CFA
Chief Investment Officer (CIO)
Ken is CIO at Fullerton. He sets the strategic direction for the investment team and is responsible for overseeing the investment performance of all portfolios. Ken also manages Fullerton’s Global Absolute Alpha, Asia Focus and Asia Absolute Alpha Equities strategies.
Ken joined Fullerton in 2017 as Head of Equities and was additionally appointed Deputy CIO in 2020. He was previously CEO of CIMB Principal Asset Management’s Singapore office. He was also concurrently Regional CIO and Regional Head of Equities. Before he joined CIMB Principal in 2007, he held various senior positions in APS Asset Management, MeesPierson Private Bank, Allianz Dresdner Asset Management and Philip Capital Management. Earlier in his career, Ken worked at the Government of Singapore Investment Corporation (GIC).
Ken graduated from National University of Singapore with a First-Class Honours in Business Administration. He is also a CFA charterholder
Roslin Zhu, CFA
Managing Director, Head of Global Equities
Roslin is Head of Global Equities, and a Portfolio Manager in the Equities team at Fullerton. She is responsible for managing Fullerton’s Global Absolute Alpha Equities strategy.
Roslin joined Fullerton in 2018. She was previously the Fund Manager for the CIMB-Principal Asia Pacific Dynamic Income Fund and Islamic Greater China Fund. Prior to that, she was an Equity Analyst and has been with CIMB Principal Asset Management since 2009. Roslin began her career as an analyst for the BRIC fund with Tantallon Capital Advisor.
Roslin holds a Master of Chemical Engineering degree, in addition to a Bachelor of Chemical Engineering degree, from the National University of Singapore. She is a CFA charterholder.
Theo Kim
Manager, Equities
Theo is an analyst in the Equities team at Fullerton Fund Management. He is responsible for equities research for the materials and industrials sectors, both regionally and globally. He is also the Korea country specialist responsible for generating ideas, conducting in-depth fundamental analysis and thorough financial modelling of Korean companies. He also assists the Portfolio Managers in portfolio management duties.
Theo joined Fullerton in 2019. Prior to that, he was part of Goldman Sachs’ global energy equity research team covering Asian refining and chemicals sectors.
Theo has a double major in Business Administration and Financial Engineering from Korean University.
TA GLOBAL ABSOLUTE ALPHA-I FUND
The designated fund managers are Ken Goh, Roslin Zhu, Amos Tan and Jaden Tan. Their profiles are as set out below:
Ken Goh, CFA
Chief Investment Officer (CIO)
Ken is CIO at Fullerton. He sets the strategic direction for the investment team and is responsible for overseeing the investment performance of all portfolios. Ken also manages Fullerton’s Global Absolute Alpha, Asia Focus and Asia Absolute Alpha Equities strategies.
Ken joined Fullerton in 2017 as Head of Equities and was additionally appointed Deputy CIO in 2020. He was previously CEO of CIMB Principal Asset Management’s Singapore office. He was also concurrently Regional CIO and Regional Head of Equities. Before he joined CIMB Principal in 2007, he held various senior positions in APS Asset Management, MeesPierson Private Bank, Allianz Dresdner Asset Management and Philip Capital Management. Earlier in his career, Ken worked at the Government of Singapore Investment Corporation (GIC).
Ken graduated from National University of Singapore with a First-Class Honours in Business Administration. He is also a CFA charterholder
Roslin Zhu, CFA
Managing Director, Head of Global Equities
Roslin is Head of Global Equities, and a Portfolio Manager in the Equities team at Fullerton. She is responsible for managing Fullerton’s Global Absolute Alpha Equities strategy.
Roslin joined Fullerton in 2018. She was previously the Fund Manager for the CIMB-Principal Asia Pacific Dynamic Income Fund and Islamic Greater China Fund. Prior to that, she was an Equity Analyst and has been with CIMB Principal Asset Management since 2009. Roslin began her career as an analyst for the BRIC fund with Tantallon Capital Advisor.
Roslin holds a Master of Chemical Engineering degree, in addition to a Bachelor of Chemical Engineering degree, from the National University of Singapore. She is a CFA charterholder.
Amos Tan
Director, Equities Portfolio Manager
Amos is a Portfolio Manager in the Equities team at Fullerton, and he is responsible for managing global equities portfolios.
Amos joined Fullerton in 2022. He was previously a developed market equities portfolio manager at Nomura Asset Management and was responsible for managing a Global Islamic Developed Equities portfolio. He also provided coverage for the Japanese market and commodities sector. Prior to Nomura, he was an investment analyst covering commodities and Australia. He started his career as on the sellside and has worked an associate in Deutsche Bank and AmInvestment Bank.
Amos holds a Bachelor of Commerce (Finance & Marketing) from Curtin University in Australia.
Jaden Tan, CFA
Assistant Vice President, Equities
Jaden Tan is an analyst in the Equities team, and he is responsible for global healthcare and software sector.
Jaden joined Fullerton
in 2019 from Saga Tree Capital Advisors, where he was a healthcare analyst and an equity trader. Prior to joining Saga Tree in 2016, Jaden was an equity trader at Purvis Capital. Jaden holds a Bachelor of Science degree in Biomedical Sciences from the Nanyang Technological University and he is a CFA charter holder.
TA TOTAL RETURN INCOME FUND
The designated fund managers for the External Investment Manager are Pang Kin Weng and Nicolas Ong.Their profiles are as set out below:
Pang Kin Weng, CFA
Managing Director, Head of Multi-Asset
Kin Weng is the Head of Multi-Asset at Fullerton Fund Management. He is responsible for leading the Multi-Asset team and has oversight of all the Multi-Asset portfolios.
Kin Weng brings with him 17 years of experience in the industry. Prior to Fullerton, he was a Multi-Asset fund manager at Schroders responsible for managing institutional and retail portfolios for investors in the Asia region. He was also a senior member of the global Multi-Asset research platform.
Kin Weng holds a Master of Science in Applied Finance from the Singapore Management University, a Master of Science (Distinction) in Communications and Signal Processing and a Bachelor of Engineering (First Class Honors) in Electrical and Electronics Engineering both from Imperial College, London. He is also a CFA charterholder.
Nicolas Ong
Managing Director, Multi-Asset
Nicolas is a Portfolio Manager in the Multi-Asset team and is responsible for portfolio management and research for Fullerton’s Multi-Asset retail funds.
Nicolas joined Fullerton in 2018. He was previously Senior Manager, Fixed Income at NTUC Income. Prior to NTUC Income, Nicolas had worked with 2 years with UT Asset Management from 2003 to 2005 and about 1 year with UOB Bank in 2003. Before that, he spent 3 years with OCBC Asset Management in Singapore from 2000 to 2003 and also worked with Capital Intelligence, Daiwa Securities, Hambro Pacific Fund Management, KPMG in Hong Kong and Touche Ross & Co. in London.
Nicolas holds a Bachelor of Science in Actuarial Science (Honors) from The London School of Economics and Political Science, University of London.
Opus Asset Management Sdn Bhd (“OpusAM”) has been appointed as the external investment manager for TA Dana Afif.
OpusAM is licensed by the SC to provide fund management services and to deal in securities restricted to unit trusts pursuant to the Capital Markets and Services Act 2007. The company has been providing investment management services since 24 December 1996 and started by managing equity investment portfolios, including a third party equity unit trust fund. When the present shareholders took over management of the company on 3 January 2005, they started a new business direction, which focused solely on fixed income investments. In Malaysia, OpusAM has a wide market network and strives to achieve a strong market presence in the fixed income market. OpusAM’s clients include insurance companies, state governments, statutory bodies, government-linked companies, corporations, foundations, cooperatives, private banking, universities, hospitals, individuals and family trusts.
The total value of funds under management is RM8.9 billion as at December 2024.
As at 31 December 2024, OpusAM is not engaged in any material litigation and arbitration, including those pending or threatened, and any facts likely to give rise to any proceedings which might materially affect the business/financial position of OpusAM.
Invesco Advisers, Inc. (“IAI”) has been appointed as the external investment manager for TA Global Focus Mandate.
IAI is a wholly owned subsidiary of Invesco Ltd. (Invesco). Founded in 1986, IAI is an investment advisor registered with the U.S. Securities and Exchange Commission (“SEC”). The Company provides discretionary and nondiscretionary investment advisory services across a broad spectrum of investment strategies, sectors and asset classes to individuals, institutional and high net worth clients through separate accounts, wrap programs and U.S. registered investment companies, other commingled investment vehicles and other similar arrangements. IAI’ investment advisory services consist of investigating, identifying and evaluating investment opportunities, structuring, negotiating and making investments on behalf of its clients, managing and monitoring the performance of such investments and disposing of such investments.
Invesco is a leading independent global investment management firm, dedicated to helping investors achieve their financial objectives. Invesco offers a wide range of single-country, regional and global capabilities across major equity, fixed-income and alternative asset classes, delivered through a diverse set of investment vehicles. The firm is entrusted to manage over USD1.8 trillion of client assets as at 31 December 2024.
Invesco has a strong and growing presence in Asia-Pacific, with 13 offices in 8 markets (Hong Kong, Mainland China, Singapore, Japan, Taiwan, Australia, Korea and India). With 50 years of experience investing in the region since 1962, Invesco is able to draw on our domestic investment capabilities to provide solutions designed to deliver key outcomes aligned to local and global investors.
The designated fund manager is John Delano. His profile is as set out below:
John Delano
Senior Portfolio Manager, CFA
John Delano is a Senior Portfolio Manager for the Global Equity team at Invesco. Mr. Delano joined Invesco in 2007 as a senior research analyst with the Growth Equity Investment team specializing in the consumer discretionary and staples sectors for mid- and large-cap growth. He joined the Global Equity team in 2010. Prior to joining the firm, he worked at Putnam Investments as an analyst covering large-cap growth, focusing on hardware, software, and telecommunication services. During his nine-year tenure at Putnam Investments, he was also a derivatives analyst and an equity analyst, focusing on retail. Before that, he worked as a trader at NationsBanc–CRT. Mr. Delano has been in the industry since 1998. Mr. Delano earned a BS degree in civil engineering from the University of Virginia and an MBA from Duke University. He is a Chartered Financial Analyst® (CFA) charterholder.
Litigation
From time to time, Invesco and its subsidiaries may be involved in civil legal proceedings in the ordinary course of business. No such legal proceedings currently pending or threatened are expected to have a material impact on Invesco’s business or operations. There are no pending criminal proceedings against Invesco or any of its subsidiaries and Invesco is not aware of any threatened criminal proceedings against it or its subsidiaries. Any material litigation would be disclosed in a public filing.
Invesco Asset Management Limited (IAML) has been appointed as the external investment manager for TA Asia High Conviction Mandate.
IAML is an indirect, wholly owned subsidiary of Invesco Ltd. (Invesco). The principal activity of IAML is the provision of investment management services on both a discretionary and non-discretionary basis to pension and profit sharing plans, educational institutions, investment companies, insurance companies, individuals and holding companies. IAML also acts as investment advisor for a number of mutual funds on a sub-advised basis
Invesco is a leading independent global investment management firm, dedicated to helping investors achieve their financial objectives. Invesco offers a wide range of single-country, regional and global capabilities across major equity, fixed-income and alternative asset classes, delivered through a diverse set of investment vehicles. The firm is entrusted to manage over USD1.8 trillion of client assets as at 31 December 2024.
Invesco has a strong and growing presence in Asia-Pacific, with 13 offices in 8 markets (Hong Kong, Mainland China, Singapore, Japan, Taiwan, Australia, Korea and India). With 50 years of experience investing in the region since 1962, Invesco is able to draw on our domestic investment capabilities to provide solutions designed to deliver key outcomes aligned to local and global investors.
The designated fund managers are Ian Hargreaves and William Lam. Their profiles are as set out below:
Ian Hargreaves (Fund Manager for TA Asia High Conviction Mandate)
Co-Head of Asian and Emerging Markets Equities
Ian is Co-Head of the Asian & Emerging Markets Equity team. He manages a number of Asian equity portfolios including the Invesco Asian Equity Fund and co-manages the Invesco Asia Trust plc. He is also co-manager of the Invesco Global Emerging Markets Fund (UK).
He started his investment career with Invesco Asia Pacific in Hong Kong in 1994 where he was responsible for managing several pan-Asian institutional client portfolios. In January 2005, Ian returned to the UK to join the Henley Investment Centre’s Asian Equities team.
Ian holds a BA (Honours) in Chinese Studies from Durham University and is a CFA Charterholder.
Fiona Yang (Fund Manager for TA Asia High Conviction Mandate)
Fiona joined Invesco in August 2017 and is fund manager of the Invesco Asian Equity Income Fund and co-manager, alongside Ian Hargreaves, of the Invesco Asia Trust plc. As a member of the Henley-based Asian & Emerging Market Equities team she covers the wider Asia ex-Japan region with particular expertise in China’s equity markets.
She started her career with Goldman Sachs in July 2012, initially within their graduate programme, before becoming a member of their Asian Equity sales team, where she was a China product specialist.
Fiona holds a BSc (Honours) in Mathematics and Economics from the London School of Economics and Political Science.
James McDermottroe (Fund Manager for TA Asia High Conviction Mandate)
James is a fund manager within the Henley-based Asian & Emerging Market Equities team, with a focus on managing the emerging markets ex-China strategy as well as a thematic portfolio (Metaverse and AI).
James joined Invesco in August 2013 as an intern, gaining experience with our Henley-based Emerging Market Equities and US Equities teams before becoming a permanent member of the Emerging Market Equities team in December 2013.
James holds an MSc in Finance and Banking and a BSc (Hons) in Mathematics from the University of Bath and is a CFA charterholder.
Material Litigation
From time to time, Invesco and its subsidiaries may be involved in civil legal proceedings in the ordinary course of business. No such legal proceedings currently pending or threatened are expected to have a material impact on Invesco’s business or operations. There are no pending criminal proceedings against Invesco or any of its subsidiaries and Invesco is not aware of any threatened criminal proceedings against it or its subsidiaries. Any material litigation would be disclosed in a public filing.