CGS International Securities is introducing a new discretionary portfolio mandate on the back of Asean bourses’ initiatives to rejuvenate their capital markets. This includes Singapore’s $5 billion equity market development programme (EQDP), Malaysia’s Catalysing MSME (Micro, Small, and Medium Enterprises) Access to the Capital Market Roadmap and Thailand's Capital Market Attractiveness Initiative.
The new mandate, named CGSI Ascend Access Strategy, is designed to offer investors access to initial public offerings (IPOs) and secondaries, which are traditionally reserved for institutional investors.
The new initiative also offers a disciplined stock selection in recently listed equities in Asean and Hong Kong, with a 50% Singapore allocation target.
The mandate will be managed by CGS International’s asset management team in Singapore, James Ong, Phua Zhenghao and Grace Yan. Ong is the group head of asset management with 29 years of experience in asset management; Phua is the group head of investments with over 15 years of investment experience; while Yan, the senior portfolio manager, comes with over 17 years of expertise in small- and mid-cap equities in Asia ex-Japan.
“CGS International is expanding our regional investment capabilities to give our clients access to rising opportunities in both public and private spaces in Asia,” says Ong.
“Starting with the CGSI Ascend Access Strategy, we provide regional expertise to broaden public market access, and independent governance through the appointment of equities market veteran, Chew Sutat, as chair of the investment committee,” he adds.
