Capital Development Solution Inc is a Labuan company limited by share incorporated in the Federal Territory of Labuan under the Labuan Companies Act 1990 on 08th Feb 2018. It’s started upon The Fund (Disclosed) has elected us as manager pursuant to a Trust Deed between the Fund, the Fund Manager and the Custodian. We are defined as a firm, for valuable consideration, provides fund and management services. To support the existing demand on supplying the specific products, we also act on behalf of dedicated principle as their purchasing agent and we also comply with Shariah principles.
Our overall responsibility will generally manage our clients demand and requirements. We will have the power to execute periodically on their investments upon approval, review the investment process and monitor the performance of the investment.
Provided that the Fund Manager has used reasonable care in the appointment, supervision and control of any person, form or corporation to supply services in connection with the Fund Manager's duties under the Trust Deed, the Fund Manager is entitled to rely on any reasonable advice, information or services thereby provided without liability to the Fund for any loss suffered by the Fund as a result thereof.
We also act as an International Commercial Agency and Distributorship (Purchasing Agent) who purchases goods on behalf of foreign buyers. We represent and buy a specific kind of products within a specific territory which can be a country or multiple country. Our responsibilities may include, among others, the following: identifying manufacturers and suppliers of products within the described territory; negotiating prices; terms of delivery and payment; managing the international transport of documents which comply with export and import procedures; assisting and serving as a translator of the Principal’s representatives when visiting the country to negotiate purchase contracts or to check on the manufacturing of products.
Acting or offering to act as portfolio manager on behalf of the clients for a portfolio of securities including funds.
Managing activities in the acquisition or disposal of a portfolio of securities including funds.
Managing clients’ discretionary accounts.
Making submissions on behalf of clients to the authorities in respect of securities including any other reporting requirements.
Issuing any documents which are deemed to be a prospectus under the authorities.
Conducting securities analysis and making investment recommendations based on client’s investment objectives and financial situation.
Providing advice concerning securities including the issuance or promulgation of research report and analysis.
Providing consultancy and advisory services relating to corporate finance and financial planning matters for corporate clients.
Underwriting of securities and placement out of such underwritten securities to be commensurate with the adequacy of its financial resource. Hence, the Labuan fund manager shall ensure that its risk management plan also clearly sets out the extent of financial requirements to sustain its operational business based on the risk appetite or tolerance levels in relation to the fund management strategies. This has to be reviewed at least on a yearly basis in line with its business plan
Quoting two-way prices and dealing in securities.
Arranging for the sale or purchase of securities including that are not listed on a stock market of a stock exchange, issued by, belonging to or on behalf of clients.
Developing profitable purchasing strategies, accessing supplier profiles and analysing offers, preparing and implementing effective negotiation tactics. Procure goods and services designed to meet operational needs while providing the highest possible value.
Established procurement policies and procedures to ensure your organization operates with integrity and the marketplace. Keeping our client’s operations moving smoothly because we monitor Supply chains and take care of tedious tasks like negotiating contracts with vendors, so our clients can focus on other things.
Conduct its business with integrity and fair dealing to avoid misleading and deceptive acts or representation.
Conduct its business in a manner that promotes a fair and orderly market.
Avoid any conflict of interest arising or, where a conflict arises, should ensure just treatment to all their clients by disclosure, internal rules on confidentiality or other accepted practices as deem fit.
Conduct its business with due care, skill and diligence.
Act competently and diligently in regard to all transactions between themselves and their clients.
Demonstrate that the advice provided, or exercise of discretion, are appropriate for the clients.
Act in the best interest of its clients and must not jeopardise or prejudice clients’ interests.
Provide relevant information to its clients in a manner that is fair, accurate and timely
Have procedures in place, to deal with clients’ complaints effectively and fairly through a simple and equitable process. These procedures should be well disclosed and easily accessible.
Details of the complaints, responses and any action taken must be recorded and maintained by us.
Establish proper compliance function pursuant to the Guidelines on Compliance Function for Labuan Licensed Entities issued by Labuan FSA to ensure its business complies with the relevant directive, guidelines and reporting requirements issued by Labuan FSA from time to time.
Ensure compliance with the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 and Guidelines on Anti-Money Laundering and Counter Financing of Terrorism which is relevant to Labuan IBFC.
Ensure proper policies and procedures are in place to ensure a sound compliance framework which safeguards clients’ interests.
Take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management and supervisory system.
Senior Vice President
We love our customers, so feel free to visit during normal business hours.
3.02D [East Wing] Level 3
Menara BRDB Bangsar
Lot No 20, Level 1, Lazenda Commercial Centre Phase 3
Fix Line: 603 2297 7414
Fax Line: +603 2297 7413