AR Capital was founded in 2005 by LEONG WAH KHEONG, an experienced portfolio manager with over 41 years of investment expertise in equities. During his time at Schroders, Wah Kheong led the successful development and growth of the Asia ex-Japan specialist product and served as Chief Investment Officer for Asia ex-Japan equities from 1996 to 2005.
Since our inception, Wah Kheong has been instrumental in the evolution and growth of AR Capital. Under his leadership, the company has transitioned from a single investment strategy to managing four distinct funds, each with its own unique approach. The firm has expanded its focus from Asia ex-Japan to investing with a global perspective, reflecting Wah Kheong’s strategic vision.
AR Capital places a strong emphasis on accountability to clients and fostering a positive culture within the firm. The original founding shareholders and senior management team are deeply invested in the funds. This alignment of interests underpins AR Capital's philosophy and reflects the firm's commitment and conviction.
Today, the firm has grown in strength with the addition of second-generation key managers, Millicent Lai, who joined in 2008 from Schroders, Merrill Tan, who began his investment career with AR Capital in 2006 and Angeline Toh, who joined the firm in 2010.
Millicent has 27 years of investment experience, including 12 years at Schroders where she was a Director and Senior Portfolio Manager. She has played a pivotal role in advancing AR Capital, working closely with Wah Kheong to nurture a culture where meaningful work is valued and encouraged. Together, they have established a dynamic and focused investment team with deep global expertise in emerging secular trends - the cornerstone of AR Capital's continued growth and success.
Merrill, who has 18 years of research experience, spearheaded AR Capital's global research efforts, strengthening our knowledge base and generating valuable insights that connect the dots across the globe. Our rigorous research process sharpens our investment focus, enabling us to make informed investment decisions that drive sustainable returns.
Angeline has 20 years of legal and compliance experience in the financial industry. She leads AR Capital’s critical functions in Legal, Compliance, Risk and Operations, ensuring robust operational infrastructure and rigorous adherence to regulations. Her meticulous oversight and focus on risk mitigation fosters a prudent approach to management decisions, allowing AR Capital to navigate markets with greater confidence.