Published by Asia Asset Management – 12th Apr 2019
The Malaysian unit of Eastspring Investments Ltd. has hired Khadijah Sairah Ibrahim to head its Islamic asset management arm to spearhead growth of a business conforming to religious principles in the Muslim-majority country.
As chief executive officer and executive director of Eastspring Al-Wara Investments Berhad, Ms. Khadijah Sairah will be responsible for the “growth and development” of Eastspring Investments Berhad’s (Eastspring Malaysia) Islamic fund business, the company says in a statement on April 10.
A spokesperson for Eastspring Malaysia tells Asia Asset Management that she replaces Chung Yee Wah, who is now the company’s head of institutional business.
Raymond Tang, CEO of Eastspring Malaysia, says he is “delighted” to have Ms. Khadijah Sairah on board.
“Not only does she bring extensive industry experience in management and investment, she is a strong leader and will play a key role in expanding Eastspring Malaysia’s Islamic fund management capability in this market,” Mr. Tang says in the statement.
She joins the company from RHB Islamic International Asset Management, where she was head of government-linked companies and public sector for over three years. In that role, she was responsible for boosting assets of the firm’s institutional business, with a focus on Islamic and conventional mandates, including development of new partnerships in cross-border markets.
Prior to that, she worked as head of portfolio and investment advisory at Manulife Asset Management for 18 months.
Eastspring Malaysia had 38.3 billion ringgit (US$9.31 billion) of assets under management (AUM) as at December 31, 2018, and its Islamic fund management arm had assets of 3.74 billion ringgit.
Singapore-based Eastspring Investments, the Asian investment management arm of UK insurer Prudential plc, had AUM of US$193 billion at the end of last year.
