Kishore Mahbubani joins boutique fund manager's board as chairman

Academic and former diplomat Kishore Mahbubani has gone from client to chairman and director at Aggregate Asset Management (AAM).
Academic and former diplomat Kishore Mahbubani has gone from client to chairman and director at Aggregate Asset Management (AAM). ST PHOTO: NG SOR LUAN

SINGAPORE - Academic and former diplomat Kishore Mahbubani has gone from client to chairman and director at Aggregate Asset Management (AAM), the boutique fund manager announced on Monday (Sept 25).

The five-year-old AAM made a splash in the wealth management scene by being the first fund house here to charge only a performance fee and not a management fee.

Prof Mahbubani was appointed with effect from Monday (Sept 25) as non-executive chairman and non-executive director.

"I believe in the management team's capabilities and the long-term performance prospects of the fund, investing in the untapped opportunities across Asia's high-growth emerging markets," said the dean of the National University of Singapore's Lee Kuan Yew School of Public Policy.

A President's Scholar with a background in philosophy, Prof Mahbubani also sits on the boards of Zurich Insurance Group and Wilmar International, among others.

AAM's flagship fund has S$450 million under management, with a net 11.31 per cent average in annualised total returns.