Risk & Performance Committee

Risk & Performance Committee


The Risk and Performance Committee (RPC) develops and advocates best practices in the areas of measurement, analysis, management and reporting of investment risk and performance. The RPC is tasked with driving initiatives aimed at deepening the industry’s understanding of crucial issues investors face in the evaluation of investment risk and performance.

 



Chairman
Trevor Persaud
Head of Investment Solutions, AIA Group Limited
Trevor Persaud
Head of Investment Solutions, AIA Group Limited

Mr Persaud is Head of Investment Strategy and Solutions at AIA Group where he is responsible for Strategic and Tactical Asset Allocation, Derivative Strategies, New Investment Product Development, Portfolio Construction and Quantitative Investments.

Prior to joining AIA, Trevor worked with a number of large insurers, asset managers and other asset owners in the region as an independent consultant. He left Standard Chartered Bank at the end of 2017, where he was responsible for their Commercial and Institutional Banking business (Financial Markets, Transaction Banking and Corporate Finance) for Insurers across Asia.

Mr Persaud is a trusted investment advisor to many of the leading Insurers and Asset Owners in the region and has a distinguished 27 year career spanning Banking, Asset Management, Insurance and Consulting globally with the last 12 years in Asia.

Prior to Standard Chartered, Mr Persaud held senior investment roles at Stradegi (a specialist investment consultancy), Russell Investments (leading their business in ASEAN, HK and Taiwan, focused on multi asset outcome oriented investments, strategic and tactical asset allocation and investment governance advisory for asset owners and in particular insurance companies), Prudential, Insight and Schroders (where he had been responsible for their Investment risk and Performance Globally) and MSCI.

Mr Persaud is a Chartered Management Accountant, has been conferred the Distinguished Fellow designation by the Institute of Banking and Finance in Singapore and is a past Chair of the Global Investment Performance Standards Executive committee. He is also an advisor to the Investment Management Association of Singapore and Chair of their Risk and Performance committee and is actively involved in industry efforts to promote and further innovation, best practice and transparency in Investment management.

Member
Pierre Soens
Head of Risk and Quantitative Analysis Department, BlackRock
Pierre Soens
Head of Risk and Quantitative Analysis Department, BlackRock

Pierre Soens, is the head of the risk and quantitative analysis department for BlackRock's Singapore office, managing Counterparty risk, Enterprise risk and serves as investment risk consultant for portfolio Managers. In the latter capacity the focus lies on active fixed income products, passive investment strategies and private credit. Prior to joining BlackRock in 2015, Mr. Soens worked for Fitch Ratings as Head of the Dutch RMBS team where he developed rating criteria and worked on a wide variety of asset classes. Prior to that, he started his career at Huntsman Polyurethanes Belgium with separate stints as a corporate credit analyst and a securitization manager.

Mr. Soens holds a MSc degree, with Honors, in Finance from the Solvay Business School.

Member
Patricia Yew
Chief Risk Officer, Fullerton Fund Management
Patricia Yew
Chief Risk Officer, Fullerton Fund Management

Ms. Patricia Yew is the Chief Risk Officer at Fullerton and reports directly to the Chief Executive Officer and the Audit & Risk Committee. She is responsible for the overall risk management of the firm.

Patricia joined Fullerton in 2019. She was previously the Head of Risk Management, APAC for JP Morgan Asset Management since 2016. Prior to this, she was the Risk Control Officer and Legal Entity Risk Manager for their APAC Risk function.

She brings with her over 20 years of experience in Risk and she has been with JP Morgan since 1999, across their Singapore, Hong Kong, New York and London offices.

Patricia holds a degree in Finance (Honors) from the National University of Singapore.

Member
Madhu Gayer
Deputy Head, Data Solutions & Services, GIC Private Limited
Madhu Gayer
Deputy Head, Data Solutions & Services, GIC Private Limited

Madhu Gayer currently works in Singapore, in the asset management industry. He has over 22 years of investment industry experience, previously working in banking and asset management in Hong Kong and Australia, across the investment value chain, from portfolio management and trading, to risk & performance, quantitative analysis, ESG and reporting. He is an active participant and contributor to the industry through a variety of regional and global working groups and committees, for the CFA, the AIMA, and the UN PRI. He has authored and co-authored industry guidance papers, and helped shape various global best practices and standards. He is a FRM and a CIPM certificant, and holds a Master of Commerce from the University of Sydney.

Trevor Persaud
Head of Investment Solutions, AIA Group Limited

Mr Persaud is Head of Investment Strategy and Solutions at AIA Group where he is responsible for Strategic and Tactical Asset Allocation, Derivative Strategies, New Investment Product Development, Portfolio Construction and Quantitative Investments.

Prior to joining AIA, Trevor worked with a number of large insurers, asset managers and other asset owners in the region as an independent consultant. He left Standard Chartered Bank at the end of 2017, where he was responsible for their Commercial and Institutional Banking business (Financial Markets, Transaction Banking and Corporate Finance) for Insurers across Asia.

Mr Persaud is a trusted investment advisor to many of the leading Insurers and Asset Owners in the region and has a distinguished 27 year career spanning Banking, Asset Management, Insurance and Consulting globally with the last 12 years in Asia.

Prior to Standard Chartered, Mr Persaud held senior investment roles at Stradegi (a specialist investment consultancy), Russell Investments (leading their business in ASEAN, HK and Taiwan, focused on multi asset outcome oriented investments, strategic and tactical asset allocation and investment governance advisory for asset owners and in particular insurance companies), Prudential, Insight and Schroders (where he had been responsible for their Investment risk and Performance Globally) and MSCI.

Mr Persaud is a Chartered Management Accountant, has been conferred the Distinguished Fellow designation by the Institute of Banking and Finance in Singapore and is a past Chair of the Global Investment Performance Standards Executive committee. He is also an advisor to the Investment Management Association of Singapore and Chair of their Risk and Performance committee and is actively involved in industry efforts to promote and further innovation, best practice and transparency in Investment management.

Pierre Soens
Head of Risk and Quantitative Analysis Department, BlackRock

Pierre Soens, is the head of the risk and quantitative analysis department for BlackRock's Singapore office, managing Counterparty risk, Enterprise risk and serves as investment risk consultant for portfolio Managers. In the latter capacity the focus lies on active fixed income products, passive investment strategies and private credit. Prior to joining BlackRock in 2015, Mr. Soens worked for Fitch Ratings as Head of the Dutch RMBS team where he developed rating criteria and worked on a wide variety of asset classes. Prior to that, he started his career at Huntsman Polyurethanes Belgium with separate stints as a corporate credit analyst and a securitization manager.

Mr. Soens holds a MSc degree, with Honors, in Finance from the Solvay Business School.

Patricia Yew
Chief Risk Officer, Fullerton Fund Management

Ms. Patricia Yew is the Chief Risk Officer at Fullerton and reports directly to the Chief Executive Officer and the Audit & Risk Committee. She is responsible for the overall risk management of the firm.

Patricia joined Fullerton in 2019. She was previously the Head of Risk Management, APAC for JP Morgan Asset Management since 2016. Prior to this, she was the Risk Control Officer and Legal Entity Risk Manager for their APAC Risk function.

She brings with her over 20 years of experience in Risk and she has been with JP Morgan since 1999, across their Singapore, Hong Kong, New York and London offices.

Patricia holds a degree in Finance (Honors) from the National University of Singapore.

Madhu Gayer
Deputy Head, Data Solutions & Services, GIC Private Limited

Madhu Gayer currently works in Singapore, in the asset management industry. He has over 22 years of investment industry experience, previously working in banking and asset management in Hong Kong and Australia, across the investment value chain, from portfolio management and trading, to risk & performance, quantitative analysis, ESG and reporting. He is an active participant and contributor to the industry through a variety of regional and global working groups and committees, for the CFA, the AIMA, and the UN PRI. He has authored and co-authored industry guidance papers, and helped shape various global best practices and standards. He is a FRM and a CIPM certificant, and holds a Master of Commerce from the University of Sydney.

Member
Dominic Lim
Chief Operating Officer, Investment Office, National University of Singapore
Dominic Lim
Chief Operating Officer, Investment Office, National University of Singapore

Dominic Lim joined the Investment Office of the National University of Singapore (NUS) in October 2018 and is currently the Chief Operating Officer at the Investment Office.

Prior to joining NUS, Dominic was Managing Director and Director of the Risk and Performance Management Department at GIC Pte. Ltd. In this role, Dominic actively led the department in thinking of ways to be more effective in influencing risk‐return decisions across counterparty, investment and operational risk and establishing a robust risk management framework across GIC. From 1996 to 2012, Dominic worked in various risk related roles in UBS AG where he held various key appointments in Market Risk Control in Singapore and Europe including Head of Market Risk Control (Singapore), Credit Traded Products (Europe), Market Risk Methodology and Market Risk Analysis and Reporting.

Dominic graduated with a Bachelor of Accountancy from Nanyang Technological University in 1994, he attained his CFA in 1997 and attended the Advanced Management Program (191) at Harvard Business School from September to October 2016.

Member
Patrick Yeo
Partner, Assurance, PwC Singapore
Patrick Yeo
Partner, Assurance, PwC Singapore

Patrick is a Partner of PricewaterhouseCoopers LLP Singapore’s Financial Services Assurance Practice where he is responsible for servicing clients in the financial services industry specifically in the asset management sector. He is also the lead partner for the firm’s Private Equity and Venture Capital and Investment Performance Measurement Services (“IPMS”) practices in Singapore.

Patrick has more than 16 years of experience in the asset management audit and advisory work, including three years spent in London working primarily on asset management clients. He is a specialist in asset management, performance reporting and controls reporting, providing both auditing and advisory services to asset management firms, private equity houses and venture capital related firms. In particular, he has advised firms across the Asia-Pacific region on achieving compliance with GIPS and has conducted seminars for clients and the Investment Management Association of Singapore on GIPS and performance related topics. Patrick sits on the Investment Management Association of Singapore (“IMAS”) Risk and Performance Committee.

Patrick holds a degree in Accountancy from Nanyang Technological University.

Member
Feng Fang
Senior Director. Regional Head of Risk Management, UOB Asset Management
Feng Fang
Senior Director. Regional Head of Risk Management, UOB Asset Management

Feng Fang has nearly 20 years of experience in capital markets in various capacities. Since joining UOBAM in 2013,Feng Fang has held several roles with increasing responsibilities. She oversees the Risk Management and Performance Analytics function and leads the team to establish and improve the firm’s risk management framework, risk guidelines, policies and procedures across the region. In addition, she also assists the CEO in carrying out regional projects for strategies and planning.

Feng Fang is a voting member of various committees covering risk and compliance, product, investment, pricing and technology, locally and regionally. She is also a director in the Supervisory Board of Ping An Fund Management Company, a member of UOBAM Taiwan’s Risk Management Committee and a member of UOBAM Thailand’s Investment Committee.

Before joining UOBAM, she worked as a Portfolio Manager, managing an equity long-short portfolio in JL Capital. Prior to that, she worked in risk and performance areas for Fullerton Fund Management, Temasek Holdings and APS Asset Management.

Dominic Lim
Chief Operating Officer, Investment Office, National University of Singapore

Dominic Lim joined the Investment Office of the National University of Singapore (NUS) in October 2018 and is currently the Chief Operating Officer at the Investment Office.

Prior to joining NUS, Dominic was Managing Director and Director of the Risk and Performance Management Department at GIC Pte. Ltd. In this role, Dominic actively led the department in thinking of ways to be more effective in influencing risk‐return decisions across counterparty, investment and operational risk and establishing a robust risk management framework across GIC. From 1996 to 2012, Dominic worked in various risk related roles in UBS AG where he held various key appointments in Market Risk Control in Singapore and Europe including Head of Market Risk Control (Singapore), Credit Traded Products (Europe), Market Risk Methodology and Market Risk Analysis and Reporting.

Dominic graduated with a Bachelor of Accountancy from Nanyang Technological University in 1994, he attained his CFA in 1997 and attended the Advanced Management Program (191) at Harvard Business School from September to October 2016.

Patrick Yeo
Partner, Assurance, PwC Singapore

Patrick is a Partner of PricewaterhouseCoopers LLP Singapore’s Financial Services Assurance Practice where he is responsible for servicing clients in the financial services industry specifically in the asset management sector. He is also the lead partner for the firm’s Private Equity and Venture Capital and Investment Performance Measurement Services (“IPMS”) practices in Singapore.

Patrick has more than 16 years of experience in the asset management audit and advisory work, including three years spent in London working primarily on asset management clients. He is a specialist in asset management, performance reporting and controls reporting, providing both auditing and advisory services to asset management firms, private equity houses and venture capital related firms. In particular, he has advised firms across the Asia-Pacific region on achieving compliance with GIPS and has conducted seminars for clients and the Investment Management Association of Singapore on GIPS and performance related topics. Patrick sits on the Investment Management Association of Singapore (“IMAS”) Risk and Performance Committee.

Patrick holds a degree in Accountancy from Nanyang Technological University.

Feng Fang
Senior Director. Regional Head of Risk Management, UOB Asset Management

Feng Fang has nearly 20 years of experience in capital markets in various capacities. Since joining UOBAM in 2013,Feng Fang has held several roles with increasing responsibilities. She oversees the Risk Management and Performance Analytics function and leads the team to establish and improve the firm’s risk management framework, risk guidelines, policies and procedures across the region. In addition, she also assists the CEO in carrying out regional projects for strategies and planning.

Feng Fang is a voting member of various committees covering risk and compliance, product, investment, pricing and technology, locally and regionally. She is also a director in the Supervisory Board of Ping An Fund Management Company, a member of UOBAM Taiwan’s Risk Management Committee and a member of UOBAM Thailand’s Investment Committee.

Before joining UOBAM, she worked as a Portfolio Manager, managing an equity long-short portfolio in JL Capital. Prior to that, she worked in risk and performance areas for Fullerton Fund Management, Temasek Holdings and APS Asset Management.

Besides representing as the country sponsor for the Global Investment Performance Standards (GIPS), the RPC conducts a Risk and Performance Practices Survey biennially, to provide insights into risk management and performance measurement practices of IMAS members.
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