PT Majoris Asset Management

About Us

Overview

PT. Majoris Asset Management (“Majoris”) is an Investment Management Company that is registered and supervised by Otoritas Jasa Keuangan (“OJK”), and obtained its license as Investment Manager based on the Decree of OJK Board of Commissioners No: KEP-60/D.04/2015 dated 27 Oktober 2015.

Majoris's business activities are investment management services through Mutual Fund, Discretionary Fund, Limited Participation Mutual Fund (RDPT), Real Estate Investment Trust, and other products in accordance with the provisions stipulated by OJK. Majoris resides in Menara DEA II 3rd Floor, Unit 303, Jl. Mega Kuningan Barat Kav. E4.3 No.1-2, Jakarta Selatan 12950, Indonesia.

Investment Management License

There are 12 management and employees of Majoris Asset Management who already have Investment Manager Representative (WMI) licenses, including 3 Directors, 1 Commissioner and 8 employees from various units.

Vision

Being an investors-trusted Investment Management Company with the edge in professionalism and consistent investment performance.

Mission

Providing investment education to the community through training, research, and publication.
Enlarge capital market's investor base in Indonesia.
Managing investor funds professionally and consistently in order to provide an optimum investment returns.
Increase shareholder value.
Contribute ideas and concepts to help in maturing the general Indonesian capital market community structure.
Broadening employment opportunities in Indonesia.

CORPORATE GOVERNANCE

The implementation of Investment Manager Governance has been carried out by PT Majoris Asset Management (“Majoris”) with reference to 5 (five) Governance principles as follows:

Transparency;
Accountability;
Responsibility;
Independency; and
Fairness.

Duties and Responsibilities of The Board of Directors

In accordance with the provisions of laws and regulations and the Articles of Association of Majoris, the Board of Directors has the right to represent the company inside and outside the court on all matters and in all events, bind the company with other parties and other parties with the company, and carry out all actions both regarding management and ownership with the provisions in accordance with the provisions of the legislation and the Articles of Association of Majoris.

In carrying out their duties and responsibilities, each member of the Board of Directors has duties and responsibilities in the fields and/or functions that are under them, including the following:

Investment and Research Function, IT Function and Securities Transaction Settlement Function;
Marketing and Customer Complaints Function, Accounting & Finance Function, and HR Function; and
Trade function, APU-PPT and Product & Business Development.

Duties and Responsibilities of The Board of Commissioners

The composition of the Board of Commissioners Majoris consists of 1 President Commissioner, 1 Commissioner and 1 Independent Commissioner. The Board of Commissioners has the following duties and responsibilities:

Supervise the implementation of Good Corporate Governance;
Approve and supervise the Business Plan;
Supervise the implementation of the AML and CFT Programs;
Carry out the audit function, namely conducting a review of:

Financial information to be issued by the Company to the public and/or authorities;
Independence, scope of assignment, and fees as the basis for the appointment of Public Accountant;
Audit plans and implementation by Public Accountants; and
Company’s implementation of risk management, compliance, and internal audit functions

Periodic evaluation by the Board of Directors and Board of Commissioners towards the violation reporting system policy.

Brief Description of Compliance, Risk Management, and Internal Audit

Compliance

The main duties and responsibilities of the Compliance Function:

Ensure Investment Manager comply with laws and regulations;
Act as a liaison officer with OJK;
Arrange and update the compliance strategy (if any changes occur);
Disseminate and socialize the compliance manuals, policies, procedures, and other compliance-related information to related parties within the Investment Manager;
Supervise and ensure the implementation of the business continuity plan is in accordance with the policies set by the company;
Ensure the employees receive training and education related to compliance;
Prepare and submit the compliance function’s annual work plan to the Board of Commissioners which contains activities and schedule for the implementation of compliance function activities;
Prepare and submit the implementation of the compliance function’s semi-annual reports and annual reports to the Board of Commissioners.

Risk Management

The functions of Risk Management:

Arrange and update the risk management strategy (if any changes occur);
Monitor and review periodically the risk management strategy implementation;
Monitor the overall risk position and per type risks and implement risk management effectively and adjusted to the size and complexity of the business as well as the ability of the Investment Manager.

Internal Audit

The main duties and responsibilities of the Internal Audit Function are to plan, control, and record all the implementation of internal audit activities, to record all findings, conclusion, and recommendation from the implementation of internal audit activities, and to prepare the internal audit report after each of internal audit implementation to be submitted to the Board of Commissioners.

CODE OF ETHICS

The Company has a Code of Ethics that applies to all members of the Board of Directors, members of the Board of Commissioners, employees, and/or organ support units owned by the Investment Manager, which contains matters concerning disclosure of interests, prohibition on misuse of position, giving and/or receiving gifts, benefits of rebates and commissions, prohibition on misuse of information, fair behaviour, confidentiality, public statements, provision of company information, marketing, advertising and promotional materials, management fees, handling customer complaints, safeguarding customer assets, portfolio valuation, portfolio management and administration.