Schroders Singapore arm has inked a strategic partnership with Maybank to develop a range of specialist investment solutions that will tap into the growing wealth market in Malaysia.
The first step in this collaboration will be the launch of two discretionary portfolios next month: Global High Dividend Equity Portfolio and Global High Conviction Portfolio.
These portfolios will be managed by MAMG’s unit, Maybank Asset Management Malaysia (MAM Malaysia), with Schroders Singapore as the investment adviser.
The collaboration will draw on the strengths of both the regional footprint of an established Malaysian asset manager, and the investment expertise of a leading global asset manager, the companies said in a joint statement.
MAMG chief executive Badrul Hisyam Abu Bakar said the group remains committed to delivering a range of global investment strategies to cater to the high net-worth community’s evolving financial needs, through a pioneering tie-up with Schroders.
“By integrating our strength in local wealth management with Schroders’ global investment capabilities, the resulting synergy will allow us to deepen our foothold in the Malaysian wealth market, through dedicated offerings designed to achieve investors’ desired outcomes,” he said.
As part of this partnership, MAMG and Schroders will undertake further collaboration projects in 2019 to co-develop solutions across other asset classes, including Shariah-compliant investments and private assets.
Schroders Singapore country head Susan Soh added: “We believe our ability to combine the key tenets of asset management and wealth management offers a differentiated value proposition to MAM Malaysia’s clients.”