RHB Asset Management picks CIOs for fixed income, equity

Michael Chang Wai Sing was appointed chief investment officer of fixed income for RHB Asset Management

KUALA LUMPUR: RHB Asset Management Sdn Bhd has appointed Michael Chang Wai Sing and Mohd Fauzi Mohd Tahir as chief investment officers of fixed income and equity (Malaysia) respectively.

It said on Friday Chang’s appointment took effect on March 1, 2017. He will set the direction for the fixed income investment team in Malaysia. 

Chang has 17 years of working experience mostly in asset management and insurance companies. 

Prior to joining RHB Asset Management, he headed the fixed income department to oversee all fixed income portfolios under MCIS Insurance Bhd.

As for Mohd Fauzi, as chief investment officer for equity, Malaysia, he will set the strategic direction for the equity investment team in Malaysia covering fund managers and analysts for conventional and Islamic funds. 

He has 24 years of working experience in managing life, private and government linked funds as well as portfolios for retail and high net worth individuals. In his last employment, Mohd Fauzi was the Executive Director and Head of Equities for AmFunds Management Berhad. He was appointed to the post effective 20 February, 2017. 

RHB Group Asset Management managing director/regional head Eliza Ong Yin Suen said the two appointment would further strengthen its leadership capabilities. 

“Their appointment adds greater depth to our existing investment team and we are excited with the wealth of experiences that both will bring to the leadership team at RHB Asset Management,” she said.

Chang was awarded The Most Astute Investor in Asian Local Currency Bonds Ranked No. 1 in Malaysia for three consecutive years from 2014, 2015 and 2016. 

He holds a Bachelor of Commerce degree from The University of Western Australia, with double majors in Accounting and Finance and a minor in Business Law.

As for Mohd Fauzi, he holds a Bachelor of Accounting & Finance from Leeds Metropolitan University, Leeds, England. He is also a graduate of the Chartered Association of Certified Accountants (ACCA, UK) and holds a Capital Markets Services Representative’s License for the regulated activity of fund management.

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