In this challenging and competitive financial services sector, our clients count on us to provide fiduciary services to monitor and protect the needs of both investment houses and investors.
With more than 18 years experience as Trustee to Collective Investment Schemes and private debt securities, MTB has as at 31 January 2010 under its trusteeship a total of fifty six (56) unit trust funds and three (3) REITS valued at more than RM11.06 Billion and RM3.498 Billion in Net Asset Value respectively. We also have under our trusteeship a total of sixty six (66) bond issues making us one of the largest provider of trustee services for private debt securities.
Our list of services are as follows:
A unit trust fund is a collective investment scheme, which pools the savings of investors with similar investment objectives in a special "trust" fund managed by professional fund managers. The pooled monies in the unit trust fund will then be invested in a diversified portfolio of securities and other assets in accordance with the unit trust fund's investment objectives and as permitted under the Securities Commission's (SC) Guidelines on Unit Trust Funds.
The Trustees play a crucial role in protecting the unitholders by ensuring that the fund is operating in accordance to what is stipulated in the Trust Deed and by holding all assets of the said fund for the unitholders.
Other than Equity, Bonds, a debt instrument, is a popular form of capital that a company can raise. With the many debt instruments available in the market ranging from "plain-vanilla" to Islamic Sukuk instruments, it is a requirement by the Securities Comission that a Trustee be appointed to safeguard the interests of the bond holders by ensuring the provisions, covenants and requirements as stipulated in the Trust Deed is complied with.
Real estate investment trusts, known as REITs, are entities that invest in different kinds of real estate or real estate related assets, including shopping centers, office buildings, hotels, and mortgages secured by real estate. REITs are sought after by investors as they provide accessibility to large scale income producing properties.
As with all investments that involve the large pooled funds of the public and general investors, a Trustee is needed to ensure that these funds are safeguarded and are used in the manner of which it was first intended by the unitholders. Mayban Trustees Berhad under its Trusteeship several notable REITs such as Quill Capita Trust, AMFirst REIT and Starhill REIT.
One of the fiduciary services provided by MTB is to act as a Stakeholder, a neutral, impartial and disinterested party, to hold assets or monies until all conditions are met for certain transactions.
Corporate Trustee Services Team
Should you have any queries or require further explanation on Wills and Trusts or related matters, kindly contact Corporate Trustee Services at the following numbers:
|Stefan Ong||03-2074 firstname.lastname@example.org|
|Jennifer Wong||03-2074 email@example.com|
|General Line||03-2070 8833 (Tel)|
03-2070 9387 (Fax)