1 March 2010, Kuala Lumpur – KFH Asset Management Sdn Bhd (KFHAM) is pleased to announce the appointment of Mr. Ian Tham Khean Hin as its Chief Executive Officer and Executive Director. KFHAM is a wholly owned subsidiary of Kuwait Finance House (Malaysia) Berhad (KFHMB).

Mr. Tham brings with him over 25 years in the asset management business having held a variety of significant roles. His early years were spent at the Development Bank of Singapore, Merrill Lynch Capital Markets in Singapore and AIG Investment Corp (Asia) Ltd in Hong Kong.

More recently, he was Chief Executive Officer at Allianz Global Investors in Singapore overseeing the ASEAN region. Ian Tham was a member of Allianz GI Asia Pacific Regional Management and a Director on the Board of its various Asian regional Funds including its joint-venture at CMS Dresdner Asset Management in Malaysia.

Prior to joining KFHAM, Mr. Tham was Chief Executive Officer at CMS Trust Berhad where he was instrumental in the transformation of the joint-venture to CMS Asset Management and the consolidation of its asset management and unit trust businesses to become CMS Trust Management Berhad.

Ian Tham stated, “I am privileged to have been given this opportunity to contribute and participate in what I believe is a significant growth area, Islamic fund management and Shariah compliant investments. To be able to contribute to building a globally integrated investment and distribution platform for KFH, one of the leading Islamic financial institutions in the world, is indeed an honour.”

KFHAM will be the asset management platform for the KFH Group in Asia-Pacific. KFHAM views the asset management business in Asia-Pacific as an important conduit for Middle Eastern investors to participate in the region’s growth as funds can be invested from India to China. This is in addition to enhancing its asset accumulation and distribution network in Asia for investments globally.