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UNIVERSAL INVESTMENT
FUND (the
"Trust")
Change
in Investment Manager to the Strategic Asia Fund
State
Street Cayman Trust Company, Ltd. (the "Trustee") wishes to announce that
pursuant to an Investment Management Agreement dated 14 October 2009 between the
Trustee, Nissay Schroders Asset Management Asia Limited, and Schroder Investment
Management (Singapore) Ltd., the latter has been appointed as investment manager
(the “Investment Manager”) with
responsibility for the overall investment strategy of the Strategic Asia
Fund.
The
Investment Manager was incorporated in Singapore on 29th February, 1992. Its
authorised and issued share capital is S$1,000,000 of which S$1,000,000 is fully
paid up. As at 31 August, 2009, the
Investment Manager has assets to the value of S$21.545 billion under
discretionary management.
The
directors of the Investment Manager are as follows:
Soh Shin
Yann Susan
Ms. Soh
is the Managing Director of Schroders Singapore and also heads the Singapore
distribution business. Ms. Soh holds a Bachelor of Accountancy from the National
University of Singapore. Prior to joining Schroders Singapore in May 2005, Ms. Soh worked
with Deutsche Bank where she headed the Structured Product Sales team. Ms. Soh
has also worked with Merrill Lynch Investment Manager (Asia Pacific) where she
headed the Institutional and Retail Sales teams in Singapore, and
with Arthur Anderson & Co. as an auditor.
Lilian
Tham
Ms. Tham
is the Chief Operating Officer for Singapore and Head of Operations and
IT for the Asia Pacific region. Ms. Tham has a Bachelor of Science in
Information Systems. Before joining Schroder International Merchant Bankers
Limited in 1994, Ms. Tham worked as a Management Consultant with Coopers &
Lybrand (now Pricewaterhouse Coopers) focusing on IT consultancy in the
financial and manufacturing industries.
Siew
Ping Gwee
Ms. Gwee
is the Regional Head of Compliance & Risk for the Asian Pacific region and
is based in Singapore. She has a Bachelor of
Accountancy from the National University of Singapore, an MBA (with Distinction)
from Manchester Business School and is qualified as a Certified Public
Accountant in Singapore. She joined Schroder
International Merchant Bankers Limited as a Compliance Manager for South East Asia in January 1997, transferring to Schroder
Investment Management Singapore Ltd. to become Head of Compliance in October
1999. She has been responsible for the Compliance function across Asia ex
Japan since 2004; and Asia Pacific
since April 2006. Before joining Schroders, she worked with Ernst & Young
Singapore, JP Morgan Singapore and Swiss Bank Corporation Singapore.
Tan Jui
Tong
Tan Jui
Tong is the Head of Finance in Singapore. He holds an MBA (Banking
and Finance) and a Bachelor of Accountancy Degree from Nanyang Technological University. He joined Schroders in 2000 as
Financial Controller and became Director in 2004. In October 2006, he became
Director of the local board having been a member of the local Executive
Committee. Before joining Schroders, he worked with an international accounting
firm before moving to IBM Singapore and then to Morgan Grenfell. In July 1996,
he became Deputy Head of Accounting Department and Head of Systems and Methods
for RHB Bank and subsequently joined HSBC Asset Management as Finance and
Compliance Manager in April 1998. He is also a Certified Public Accountant and
Member of Institute of Certified Public Accountants of
Singapore.
The
Investment Manager has appointed Nissay Schroders Asset Management Asia Limited
to act as the sub-investment manager (the "Sub-Investment Manager") for the
Strategic Asia Fund and to have discretion in the selection of portfolio
securities. The Sub-Investment
Manager was incorporated in Singapore on 12th December, 2005, has its offices at
65 Chulia Street, #46-00, OCBC Centre, Singapore 049513 and is authorised and
regulated by the Monetary Authority of Singapore for the carrying on of
regulated activities in Singapore.
The Sub-Investment Manager is jointly owned by Nippon Life Insurance
Company and Schroders Investment Management (Singapore)
Limited.
As at 31
August, 2009, the Sub-Investment Manager has assets to the value of US$314.58
million under discretionary management.
The
directors of the Sub-Investment Manager are as follows:
Yoshikazu Takeda
Mr.
Takeda was born 25th January 1953 in Kochi Prefecture, and has been Senior Managing
Director & Chief Investment Officer with Nippon Life Insurance Company since
March 2009. Mr Takeda has a B.A. in Law from Kyoto University. Before becoming Senior
Managing Director & Chief Investment Officer, Mr Takeda worked as Managing
Director & Chief Investment Officer with Nippon Life Insurance Company and
in the New York Representative Office as General Manager for the Americas &
Europe, as well as previously holding a number of other positions within the
company
Kazuhide
Toda
Mr. Toda
was born on 10th June 1963 and has been General Manager of the International
Planning & Operations Department since 2009. Mr. Toda has a B.A. in
Economics from Sophia University. Mr. Toda joined Nippon Life
Insurance Company in 1986 as an Associate with the International Investment
Department. Before becoming General Manager of the International Planning &
Operations Department, Mr. Toda also worked as General Manager of the Credit
& Alternative Investment Department, as well as previously holding a number
of other positions within the company.
Hiroaki
Takeda
Mr.
Takeda has been Chief Executive Officer with Nissay Schroders Asset Management
Asia Limited since March 2009. Mr Takeda previously worked as a Manager at
Nippon Life Insurance Company in the Fixed Income and Treasury Department
followed by the International Investment Department. Mr. Takeda then worked as a
Manager with Nissay Asset Management Corporation in International Equity
Investment Office before becoming Chief Executive Officer.
Ide
Kentaro
Mr.
Kentaro has been Chief Representative in the Singapore office
of Nippon Life Insurance Company since March 2009. Before becoming Chief
Representative in the Singapore office, Mr. Kentaro held a
number of positions including Deputy General Manager in the Corporate Planning
Department, Deputy General Manager in the Metropolitan Finance Department, Sales
Manager with the Sendai Branch and as Manager in the International Planning
& Operation Department at Nippon Life Insurance
Company.
Contact
details:
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