Delegated Functions
PHB Asset Management Berhad (PHBAM) has appointed Maybank Securities Solutions (MSS) to provide back-office functions such as fund accounting and valuation, clearing, settlement and maintenance of unit holders’ registry. MSS is a business unit within Maybank.
Maybank was incorporated in Malaysia on 31 May 1960 and has been offering registrar and transfer agency services since late 2007.
Registrar And Transfer Agent
PHBAM has appointed MSS as the registrar and transfer agent for AHB. MSS’ roles and duties as the registrar and transfer agent encompass maintaining the register of unitholders, handling of account opening, static data setups, financial transaction processing, reconciliation processing, corporate actions, agency maintenance and preparing relevant reports or communication to investors and regulators.
All fees and expenses arising out of this appointment are not charged to the Fund and are solely borne by PHBAM.
All fees and expenses arising out of this appointment are not charged to the Fund and are solely borne by PHBAM.
Fund Accounting And Valuation Function
PHBAM has appointed MSS to undertake the fund accounting and valuation function for AHB. MSS is responsible for maintaining proper accounts and carrying out the daily valuation and pricing of AHB. MSS will provide a report to the Manager at the end of each business day on the NAV of AHB including the daily purchases and sales transactions.
All fees and expenses arising out of this appointment are not charged to the Fund and are solely borne by PHBAM.
All fees and expenses arising out of this appointment are not charged to the Fund and are solely borne by PHBAM.