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

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

About Pheim Malaysia

30+ Years of Disciplined
Investment Excellence

Pheim Asset Management Sdn Bhd was established in 1994 by Dr. Tan Chong Koay, a pioneer of value investing in Malaysia. Built on a foundation of rigorous fundamental research and independent thinking, Pheim has grown into a trusted name across institutional and retail fund management.

In 2026, 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
RM 3B+
Assets Under Management
Pheim Asset Management
Conventional fund management & private mandates
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Pheim Islamic
Shariah-compliant asset management
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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 Pheim
Pheim Asset Management Sdn Bhd was founded by Dr. Tan Chong Koay with a vision to deliver superior risk-adjusted returns through disciplined value investing. Operations commenced from Kuala Lumpur.
2001
Launch of PUTB & Regional Expansion
Pheim Unit Trust Bhd (PUTB) was established, broadening access to retail investors. 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. Pheim's disciplined approach earned multiple industry awards and institutional mandates.
2021
Islamic Asset Management Licence
Pheim received its Islamic fund management licence from the Securities Commission Malaysia, launching Pheim Islamic to serve the growing Shariah-compliant investment segment.
2026
Affin Bank Acquisition
Affin Bank Berhad acquired a majority stake in Pheim Asset Management, ushering in a new chapter — combining Pheim's boutique investment heritage with the strength and reach of Affin Bank Group.
Pheim building
"

Your Need is our Focus. We believe in building lasting wealth through the patient application of fundamental research and independent thought.

Dr. Tan Chong Koay Founder, Pheim Asset Management · 1994
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 SICAV-SIF ASEAN Emerging Companies Fund
Offshore · Equity
Islamic
Pheim Dana Al-Khair
Shariah Balanced
Islamic
Pheim Dana Al-Idham
Shariah Equity
Islamic
Pheim Dana Murni
Shariah Fixed Income
Islamic
ASEAN Emerging Companies 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 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
Governance

Corporate Structure

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

Pheim Corporate Structure 2026

Corporate structure as at 2026 — reflecting Affin Bank Group's acquisition of Pheim Asset Management Sdn Bhd.

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 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
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 Pheim's time-tested Investment Philosophy and Criteria.

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
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)
Pheim Asset Management Malaysia
Ms. Nurul Farhana Numan
Investment Analyst
BBA (Hons.) Investment Management
Country Coverage: Malaysia & Thailand
Sector: Consumer, Healthcare & Transportation
Pheim Asset Management Islamic
En. Ahmad Subri Abdullah
CEO, Pheim Islamic
40+ years in insurance, reinsurance & financial services — Malaysia, Singapore & England
Chartered Insurer, Fellow CII (UK), Fellow MII
Formulates corporate strategy & business plans
Pheim Asset Management Islamic
En. Khirwan Mus Bin Wahap
Fund Manager, Pheim Islamic
20+ years industry experience
BSc (Hons) Travel Industry Management
Compiles & executes analysts' purchase/sale decisions
Provides stock analysis & recommendation to fund management
Audit & Governance

Internal Auditor

Pheim Malaysia's internal audit function is independently overseen by an established specialist governance and audit firm.

IA Essential Sdn Bhd
IA Essential Sdn Bhd
Engaged since 2001 · Presence in Malaysia & Singapore
About IAE

Independent Governance & Audit

Pheim Malaysia has outsourced its Internal Audit function to IA Essential Sdn Bhd, an established governance, risk management and internal audit consulting firm with a track record spanning over two decades. In addition to internal audit services, IAE is engaged by public-listed companies in Malaysia and Singapore for pre- and post-listing governance compliance, risk reviews, corruption prevention and ESG assessments.

CKS
Mr. Chong Kian Soon
CEO, IA Essential Sdn Bhd — oversees Pheim's internal audit function
CAANZ MICPA (CPA) CMIIA Certified QAR Assessor, IIA