Berjaya Mutual targets RM5bil AUM by 2026

Berjaya Mutual chief investment officer Datuk Dr Nazri Khan, Berjaya Capital Bhd CEO Lukman Musa, Berjaya Corp Bhd founder and advisor Tan Sri Vincent Tan Chee Yioun, Berjaya Mutual chairperson Tunku Tun Aminah Sultan Ibrahim Ismail and Berjaya Mutual chief executive officer Eugene Chew Boon Chye. — MUHAMAD SHAHRIL ROSLI/The Star

KUALA LUMPUR: Berjaya Mutual Sdn Bhd (formerly Inter-Pacific Asset Management Sdn Bhd) aims to raise its assets under management (AUM) to RM5 billion by 2026 from RM1.2 billion currently.

Chief executive officer Eugene Chew Boon Chye said the company, which has launched three funds this month with targeted AUM of RM100 million, plans to roll out two more products next month and three in the second half of the year.

The five upcoming products are expected to generate between RM200 million and RM300 million in AUM, he told a press conference after the launch of Berjaya Mutual here today.

"We have also planned for more products for the next two years -- more innovative products like digital assets and structured products in concert with strategic partners.

"This is how we are going to penetrate the market, especially in terms of the unserved and underserved segments,” he said.

Chew said the company also plans to introduce more shariah-compliant products with waqf features in the future.

"This will allow our investors to not only invest to earn returns for themselves, but also give them a chance to contribute via waqf,” he added.

Berjaya Mutual today announced its rebranding from Inter-Pacific Asset Management Sdn Bhd.

In her speech at the launch, Berjaya Mutual chairperson Tunku Tun Aminah Sultan Ibrahim Ismail said the company aims to become the leading asset management company in the country, offering unique investment products tailored for the unserved and underserved Malaysians.

"The company would be guided by three main drivers, which are providing accessibility to investment for all, establishing ourselves as a trusted partner, and incorporating innovative and tailored investment philosophies,” she said. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!


Next In Business News

ICT Zone get shareholders' nod to transfer to ACE Market
Rehda expects Mapex 2024 to exceed RM30mil in sales value
IJM Corp unit bags two contracts worth RM962.3mil
Unisem acquires lands in Kinta, Perak for RM30.14mil
Ringgit extends losses to close lower against US dollar
UUE's IPO oversubscribed by 103.83 times
GDB wins RM865.7mil logistics hub construction contract
RM24.2mil fraud: BNM requests prompt refunds to all affected account holders
Marine & General is cautiously optimistic
MCMC to commence the process of selecting MNO to develop second 5G network

Others Also Read