Affin Pheim Asset Management | Now part of the Affin Bank Group. Read announcement →
About Affin Pheim
Established 1994 · 30+ Years of Excellence

Trusted Asset Management
in Malaysia & Beyond

Affin Pheim Asset Management is a leading independent fund manager dedicated to protecting and growing wealth for institutions, corporations and individuals across ASEAN.

About Affin Pheim

30+ Years of Disciplined
Investment Excellence

Affin Pheim Asset Management Sdn Bhd was established in 1994. Built on a foundation of rigorous fundamental research and independent thinking, Affin Pheim has grown into a trusted name across institutional and retail fund management.

In 2026, Affin Pheim became part of the Affin Bank Group — combining a boutique investment heritage with the strength of one of Malaysia's leading banking institutions.

SC Licensed Multiple Award Winner Since 1994
Investment professionals at work
Affin Pheim Asset Management
Conventional fund management & private mandates
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Affin Pheim Islamic
Shariah-compliant asset management
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Affin Pheim Unit Trusts
Retail unit trust fund platform
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RM 3B+
Assets Under Management
Across all mandates
30+
Years in Operation
Founded 1994
1000+
Clients Served
Institutional & retail
10+
Award Recognitions
Industry accolades
Our Journey

Three Decades of Growth

From a boutique value-investing firm to a diversified asset manager under Affin Bank Group — each milestone reflects our commitment to excellence.

1994
Foundation of Affin Pheim
Affin Pheim Asset Management Sdn Bhd was founded with a vision to deliver superior risk-adjusted returns through disciplined value investing. Operations commenced from Kuala Lumpur.
2001
Launch of PUTB & Regional Expansion
Affin Pheim Unit Trusts Berhad (APUTB) was established, broadening access to retail investors. Affin Pheim simultaneously expanded its footprint into Singapore and regional ASEAN mandates.
2002–06
Fund Launch Milestones
Series of flagship funds launched including PECBF and offshore SICAV-SIF vehicles. Affin Pheim's disciplined approach earned multiple industry awards and institutional mandates.
2021
Islamic Asset Management Licence
Affin Pheim received its Islamic fund management licence from the Securities Commission Malaysia, launching Affin Pheim Islamic to serve the growing Shariah-compliant investment segment.
2026
Affin Bank Acquisition
Affin Bank Berhad acquired a majority stake in Affin Pheim Asset Management, ushering in a new chapter — combining Affin Pheim's boutique investment heritage with the strength and reach of Affin Bank Group.
Our Funds

Investment Vehicles for Every Goal

A comprehensive range of conventional and Shariah-compliant funds across equity, fixed income and balanced strategies.

Conventional
Pheim Emerging Companies Balanced Fund
Balanced
Conventional
Pheim Income Fund
Fixed Income
Conventional
Pheim Asia Ex-Japan Islamic Fund
Equity · Regional
Conventional
Pheim Asia Ex-Japan Fund
Offshore · Equity
Islamic
Dana Makmur Pheim
Shariah Balanced
Islamic
Pheim Greater China Islamic Fund
Shariah Equity
Islamic
Pheim ASEAN Islamic Fund
Shariah Fixed Income
Islamic
Pheim Global ESG Islamic Fund
Shariah · Regional
Our Commitment

The Pillars That Guide Us

Client First
Every decision begins and ends with our clients' best interests as the guiding principle.
Long-Term Perspective
We invest with patience and discipline, avoiding the noise of short-term market volatility.
Research Driven
Proprietary in-house analysis and fundamental research underpin every investment decision.
Transparency
We communicate openly with our clients on portfolio strategies, performance and risk exposures.
ESG Integration
Environmental, social and governance considerations are embedded into our investment process.
Investment Approach

How We Invest

Value-oriented stock selection — we seek companies trading below intrinsic value with strong fundamentals and catalysts for re-rating.
Bottom-up fundamental research — direct company visits, management meetings and in-depth financial modelling underpin each recommendation.
Team-based decision making — the Investment Committee reviews and approves all buy/sell calls through collective consensus.
ASEAN & regional expertise — deep knowledge across Malaysia, Singapore, Thailand, Hong Kong, China and broader ASEAN markets.
Risk management discipline — portfolio construction rigorously manages concentration, liquidity and drawdown risk at all times.
Our Philosophy
Your Need
is our Focus.

We take the time to understand each client's unique financial goals, risk tolerance and investment horizon — then we craft solutions tailored specifically to them.

Leadership

Management Team

Our senior management brings decades of combined experience in capital markets, fund management, compliance and operations.

Mr. Lee Ta Wei
CEO & Chief Investment Officer
Mr. Lee Ta Wei

10+ years in capital markets & fund management. Former Portfolio Manager at Manulife; prior Investment Analyst & Fund Manager at Affin Pheim covering equity, unit trusts, EPF and private mandates across Malaysia and ASEAN.

CFA BE Mechanical, UTM
Ms. Khafidzah Salimon
Head of Operations
Ms. Khafidzah Salimon

20+ years in financial services and banking. Leads end-to-end portfolio operations — ensuring accuracy, compliance and scalability across all asset classes and client mandates.

20+ Yrs Experience Portfolio Operations
En. Ahmad Izzudeen Razali
Head of Compliance
En. Ahmad Izzudeen Razali

10+ years in capital markets spanning dealer representation, central dealing and compliance. Deep expertise in Shariah capital market regulation; alumnus of SIDC's ICMTD Programme.

BSc Actuarial, Heriot-Watt MSc Islamic Finance, INCEIF
En. Ahmad Subri Abdullah
CEO, Affin Pheim Islamic
En. Ahmad Subri Abdullah

40+ years in insurance, reinsurance & financial services across Malaysia, Singapore and England. Formulates corporate strategy and business plans for Affin Pheim Islamic Asset Management.

Chartered Insurer Fellow CII (UK) Fellow MII
En. Khirwan Mus Bin Wahap
Fund Manager
En. Khirwan Mus Bin Wahap

20+ years in financial services spanning compliance, investment analysis, dealing and portfolio management. Supports conventional and Islamic portfolios as Senior Central Dealer / Fund Manager.

BSc Travel Industry Mgmt 20+ Yrs Experience
Mr. Leong Hoe Kit
Chief Executive Officer
Mr. Leong Hoe Kit

Seasoned C-suite executive with 30+ years across financial services, capital markets and investment management. Chartered Accountant, FCPA Australia, and MBA holder with leadership experience in fund management, investment banking and corporate finance.

CA · FCPA MBA, Veritas
Mr. Lee Chan San
Head of Operations
Mr. Lee Chan San

18+ years in financial and capital markets operations — business outsourcing, stockbroking, investment banking and custodian banking. Oversees day-to-day operations for Affin Pheim Unit Trusts Berhad.

Operations 18+ Yrs Experience
En. Ahmad Izzudeen Razali
Compliance Officer
En. Ahmad Izzudeen Razali

10+ years in capital markets spanning dealer representation, central dealing and compliance. Alumnus of SIDC's Islamic Capital Market Graduate Training Scheme (ICMTD Programme).

BSc Actuarial, Heriot-Watt MSc Islamic Finance, INCEIF
Governance

Corporate Structure

As a member of Affin Bank Group, Affin Pheim Asset Management operates within a robust governance framework spanning the entire group structure.

Affin Pheim Corporate Structure

Corporate structure as at 2026 — Affin Bank Berhad wholly owns Affin Pheim Asset Management, which wholly owns Affin Pheim Islamic Asset Management and Affin Pheim Unit Trusts.

Leadership & Governance

Board of Directors

Our Board brings together senior leaders from banking, investment management, corporate finance and Islamic finance, providing independent oversight and strategic guidance.

Datuk Hamirullah Boorhan
Independent Chairman
Datuk Hamirullah Boorhan

~4 decades in banking & financial services. Former SEVP & Head of Community Financial Services Malaysia at Maybank. Expertise in retail banking, wealth management, Islamic finance, digital transformation and sustainability governance.

MBA, IIUM Harvard · INSEAD · Wharton Fellow, Int'l Retail Banker
Mr. Lee Heng Keng
Independent Director
Mr. Lee Heng Keng

30+ years in financial services. Former Regional Head of Corporate Banking at CIMB Group. Expertise spans M&A, capital markets advisory, credit risk and cross-border corporate governance across ASEAN.

Fellow CA, ICAEW BE Electrical, Nottingham
Dato' Paduka Syed Mashafuddin
Non-Independent Director
Dato' Paduka Syed Mashafuddin Jamalullail

Currently CEO of AFFIN Islamic Bank Berhad. Former CEO of Principal Islamic AM and MD Investment Banking at CIMB. Deep expertise in Islamic banking, sustainable finance and asset management.

CFA · CPIF · Chartered Banker MSc International Banking, UMIST
Mr. Lee Ta Wei
Non-Independent Director
Mr. Lee Ta Wei

Also serves as CEO & CIO of Affin Pheim Asset Management. 10+ years across equity research, portfolio management, unit trusts, EPF and private mandates. Former Portfolio Manager at Manulife Investment Management.

CFA (2017) BE Mechanical, UTM
En. Ahmad Subri Abdullah
Non-Independent Director
En. Ahmad Subri Abdullah

CEO of Affin Pheim Islamic Asset Management. 40+ years across insurance, reinsurance and financial services in Malaysia, Singapore and England. Chartered Insurer and Fellow of the Chartered Insurance Institute (UK).

Fellow CII (UK) Fellow MII

Additional Islamic Board members will be updated upon client confirmation.

Mr. Lee Heng Keng
Independent Non-Executive Director · Chairman
Mr. Lee Heng Keng

Chairman of Affin Pheim Unit Trusts Berhad Board. Independent Non-Executive Director providing strategic leadership and governance oversight across fund management operations and regulatory compliance.

Independent Chairman
Encik Zainal Arifin Khalid
Independent Non-Executive Director
Encik Zainal Arifin Khalid

Independent director contributing governance expertise and objective oversight in the best interests of unit holders and the overall management of fund affairs.

Independent
Mr. Calvin Goon Cheng Yu
Non-Independent Executive Director
Mr. Calvin Goon Cheng Yu

Non-independent director representing the parent company, Affin Pheim Asset Management Sdn Bhd, bridging group strategy with Affin Pheim Unit Trusts Berhad's operational direction.

Non-Independent Executive Director
Investment Governance

Investment Committee

The Investment Committee meets weekly to review buy/sell recommendations across all portfolios. Each Fund Manager or Investment Analyst attends 3–4 company visits per week and presents findings to the Committee, where collective decisions are reached by consensus.

All stock recommendations are based on extensive in-house research. Ideas are raised at every Investment Committee Meeting (ICM), approved through a team-based process guided by Affin Pheim's time-tested Investment Philosophy and Criteria.

Mr. Lee Ta Wei
Affin Pheim Asset Management
Mr. Lee Ta Wei
CEO & Deputy CIO
10+ years capital markets & fund management experience
Sector: Technology, Oil & Gas, Plantations, Utilities
Country: Hong Kong, China, North Asia, ASEAN
CFA | BE Mechanical Engineering
Mr. Khoo Zing Sheng
Affin Pheim Asset Management Malaysia
Mr. Khoo Zing Sheng
Fund Manager
CMSL fund management licence holder, 5.5+ years experience
Sector: Property, REITs, Financial Institutions, Plantations
Former external auditor at Ernst & Young
Chartered Accountant (ACCA)
Ms. Nurul Farhana Numan
Affin Pheim Asset Management Malaysia
Ms. Nurul Farhana Numan
Investment Analyst
BBA (Hons.) Investment Management
Country Coverage: Malaysia & Thailand
Sector: Consumer, Healthcare & Transportation
Mr. Harkishen Singh
Affin Pheim Asset Management Malaysia
Mr. Harkishen Singh
Investment Analyst
MSc Economics & Finance, King's College London
Sector: Oil & Gas, Plantation, Manufacturing
Country: Malaysia, Taiwan & Vietnam
En. Ahmad Subri Abdullah
Affin Pheim Islamic Asset Management
En. Ahmad Subri Abdullah
CEO, Affin Pheim Islamic
40+ years in insurance, reinsurance & financial services — Malaysia, Singapore & England
Chartered Insurer, Fellow CII (UK), Fellow MII
Formulates corporate strategy & business plans
En. Khirwan Mus Bin Wahap
Affin Pheim Islamic Asset Management
En. Khirwan Mus Bin Wahap
Fund Manager, Affin Pheim Islamic
20+ years industry experience
BSc (Hons) Travel Industry Management
Compiles & executes analysts' purchase/sale decisions
Provides stock analysis & recommendation to fund management
Puan Zarina Binti Omar
Affin Pheim Unit Trusts Berhad
Puan Zarina Binti Omar
Independent Member
Managing Director, Efficient Frontier Capital Advisors
CFP · Shariah RFP · BA Accounting & Computing, Kent
Member since 1 April 2008
Encik Rostam Effendi bin Abdul Rahim
Affin Pheim Unit Trusts Berhad
Encik Rostam Effendi bin Abdul Rahim
Independent Member
BSc Business Administration (Finance), University of Tulsa
Formerly KAF Fund Management & Pheim Asset Management
Member since 19 January 2022
Mr. Mark Wing Kong
Affin Pheim Unit Trusts Berhad
Mr. Mark Wing Kong
Independent Member
CEO, LB Aluminium Berhad · MICPA
Formerly Arab-Malaysian Merchant Bank (AmInvestment)
Member since 7 March 2014
Mr. Pee Ban Hock
Affin Pheim Unit Trusts Berhad
Mr. Pee Ban Hock
Independent Member
Bachelor of Accounting, University of Malaya
Formerly Multi-Purpose Holdings — Finance & IR
Member since 2 January 2002
Mr. Ho Sen Feek
Affin Pheim Unit Trusts Berhad
Mr. Ho Sen Feek
Independent Member
46+ years legal practice · LLB, NUS
Consultant, Messrs. Gan Teik Chee & Ho
Member since 2 January 2002