Opus Asset Management Sdn Bhd has delegated the following functions to these respective service providers:
1. Deutsche Trustees Malaysia Berhad
Deutsche Trustees Malaysia Berhad (“DTMB”) has been appointed to carry out the fund accounting and valuation services for the funds and private mandates portfolio managed by Opus. DTMB is a wholly-owned subsidiary of the parent organisation, Deutsche Bank Aktiengesellschaft. DTMB was incorporated in Malaysia on 22 February 2007 and commenced business in May 2007.
DTMB is part of Deutsche Bank’s Securities Services, which provides trustee and fund accounting and valuation services. DTMB expanded its product offering to include fund accounting and valuation services in 2018.
Its duties include, amongst others, performing valuation of the investments and the Funds and maintaining financial accounting records of portfolios including all transactions data, records and investment ledgers.
In providing the above services, DTMB will be supported by Deutsche Investor Services Private Limited (“DISPL”) in India, a 100% Deutsche Bank owned legal subsidiary in the processing of daily fund administration transactions.
2. Malayan Banking Berhad
Opus Asset Management Sdn Bhd has appointed Malayan Banking Berhad (“Maybank”), a financial institution licensed under the Financial Services Act 2013, to undertake the valuation of net asset value and fund accounting functions for the funds and private mandates portfolios managed by Opus.
Maybank is established in 1960. It is the largest financial services group in Malaysia with over 2,400 branches across 20 countries including all 10 ASEAN countries. Maybank provides a full suite of conventional and Shariah-compliant products and services in commercial banking, investment banking and insurance.
1. BDO Governance Advisory Sdn Bhd
The Internal Audit function of Opus Asset Management Sdn Bhd is outsourced to BDO Governance Advisory Sdn Bhd, who is responsible for the provision of internal audits to review and report on the adequacy and effectiveness of internal controls; as well as recommendations on action plans to improve the system of internal controls.
BDO Governance Advisory Sdn Bhd is part of BDO Malaysia which is a member firm of BDO International, the world’s fifth largest network of professional firms providing audit & assurance, advisory and tax services to businesses ranging from established multinational conglomerates to growth-oriented organisations, whether public or private. Founded in 1964, BDO Malaysia has more than 50 years of experience in Malaysia’s commercial landscape with a strong reputation as a top quality professional services provider. BDO Malaysia has a well-qualified and experienced team with close to 1,000 staff led by over 90 partners and directors. They also have a strong presence in ASEAN with its connection to 10 member countries.