RAM Holdings Berhad (RAM Group) is a leading provider of independent credit ratings, research, training, risk analysis, ESG analytics and bond pricing. Formerly known as Rating Agency Malaysia Berhad, RAM Holdings was established in November 1990 as a catalyst for the domestic debt capital market and as the nation’s first credit rating agency.
In 2007, our rating operations were novated to a newly formed subsidiary, RAM Rating Services Berhad. Apart from credit ratings, the RAM Group also offers myriad solutions ranging from economic and debt market research, data & analytics, sustainability services, and a full range of professional training and educational courses as well as conferences.
Underscored by over 30 years’ expertise in credit analysis, risk management, economics and industry research, our wholly owned unit, RAM Sustainability Sdn Bhd, delivers innovative solutions to companies. In 2016, RAM Sustainability commenced offering Sustainability Ratings, a tool and framework that measure companies’ environmental, social and governance (ESG) performance.
The latest addition to the Group, RAM Solutions Sdn Bhd, was founded in 2016 and provides independent credit opinions on ventures listed on a multi-bank, web-based platform known as the Investment Account Platform (IAP). Spearheaded by six major Islamic banks in Malaysia, the IAP is a strategic initiative of the Islamic finance industry.
Meanwhile, Bond Pricing Agency Malaysia Sdn Bhd - an associate of RAM Holdings - is the sole provider of bond-pricing and valuation data on the Malaysian bond market.
RAM Rating Services Berhad (RAM Ratings) is the leading and largest credit rating agency in Malaysia and South-East Asia (ASEAN). Renowned for our independent and insightful views, our credit ratings and assessments are highly regarded in both the domestic and regional markets, and are used by investors as well as market participants to make sound business decisions.
Read MoreEstablished on 31 May 2000, RAM Sustainability (formerly known as RAM Consultancy Services Sdn Bhd) has carved a reputation in economic advisory, risk management, strategic business consultancy, debt restructuring and project advisory services.
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Incorporated on 12 April 2016, RAM Solutions is the provider of credit opinions on ventures listed on the IAP - the multi-bank investment portal that facilitates the channelling of funds from investors to viable ventures.
No. | Shareholders of RAM | No. of Shares | % of Shares |
1 | Affin Bank Berhad | 360,000 | 3.600 |
2 | Affin Hwang Investment Bank Berhad | 200,000 | 2.000 |
3 | Alliance Bank Malaysia Berhad | 320,000 | 3.200 |
4 | Alliance Investment Bank Berhad | 200,000 | 2.000 |
5 | AmBank (M) Berhad | 680,000 | 6.800 |
6 | Bangkok Bank Berhad | 80,000 | 0.800 |
7 | Boon Siew Credit Berhad | 30,000 | 0.300 |
8 | CIMB Bank Berhad | 462,500 | 4.625 |
9 | Deutsche Bank (Malaysia) Berhad | 80,000 | 0.800 |
10 | Hong Leong Bank Berhad | 580,000 | 5.800 |
11 | HSBC Bank Malaysia Berhad | 350,000 | 3.500 |
No. | Shareholders of RAM | No. of Shares | % of Shares |
12 | OCBC Bank (Malaysia) Berhad | 350,000 | 3.500 |
13 | Oscar Matrix Sdn Bhd | 1,990,000 | 19.900 |
14 | MUFG Bank (Malaysia) Berhad | 210,000 | 2.100 |
15 | Public Bank Berhad | 532,500 | 5.325 |
16 | RHB Bank Berhad | 885,000 | 8.850 |
17 | S&P Global Asian Holdings Pte Ltd | 1,920,000 | 19.200 |
18 | Standard Chartered Bank Malaysia Berhad | 350,000 | 3.500 |
19 | United Overseas Bank (Malaysia) Berhad | 420,000 | 4.200 |
Total | 10,000,000 | 100.000 |
YBhg Tan Sri Amirsham A Aziz
Chairman
Mr Chris W.K. Lee
Group CEO / Executive Director
YBhg Tan Sri Datuk Yong Poh Kon
Non-Executive Director
YBhg Datuk Kamaruddin Taib
Non-Executive Director
YBhg Tan Sri Amirsham A Aziz
Chairman
Mr Chris W.K. Lee
Executive Director
Mr Ng Hon Soon
Non-Executive Director
YBhg Datin Mariam Prudence Binti Yusof
Non-Executive Director
Mr Promod Dass
Director
Pn Nazela Ahmad
Non-Executive Director
Mr Chong Kwee Siong
Director
Ms Denise Thean
Non-Executive Director
Chris W.K. Lee
Group CEO/Executive Director
RAM Holdings Berhad
CEO/Executive Director
RAM Rating Services Berhad
Promod Dass
Deputy Group Chief Executive Officer
RAM Holdings Berhad
CEO/Executive Director
RAM Sustainability Sdn Bhd
Chong Kwee Siong
Senior General Manager, Group CEO’s Office
RAM Holdings Berhad
CEO/Executive Director
RAM Solutions Sdn Bhd
Denise Thean
Deputy CEO/Chief Rating Officer
RAM Rating Services Berhad
Awang Za'aba Awang Mahmud
Group Chief Compliance Officer
RAM Rating Services Berhad
Nazela Ahmad
Company Secretary & Senior General Manager, HR & Administration
RAM Holdings Berhad
Kevin Lim
Group Chief Financial Officer
RAM Holdings Berhad
Siew Suet Ming
Technical Director
RAM Rating Services Berhad
Julie Ng
Senior General Manager, Data Analytics, Economic & Sovereign Research
RAM Rating Services Berhad
Ruslena Ramli
Islamic Finance | Email: ruslena@ram.com.my
Thong Mun Wai
Corporate | Email: munwai@ram.com.my
Wong Yin Ching
Financial Institutions | Email: yinching@ram.com.my
Sophia Lee
Financial Institutions | Email: sophia@ram.com.my
Chong Van Nee
Infra & Utilities | Email: vannee@ram.com.my
Davinder Kaur
Infra & Utilities | Email: davinder@ram.com.my
Tan Han Nee
Structured Finance | Email: hannee@ram.com.my
Lim Chern Yit
Structured Finance | Email: chernyit@ram.com.my
Padthma Subbiah
Email: padthma@ram.com.my
Choo Chian Yuh
Email: choocy@ram.com.my
Anisah Yunus
Email: anisah@ram.com.my
Sazalina Kamarudin
Email: sazalina@ram.com.my
Rohanita Ahmad
Email: rohanita@ram.com.my
Gladys Chua
Email: gladys@ram.com.my
Zurina Zulkifli
Email: zurina@ram.com.my
Firhan Yasser
Email: firhan@ram.com.my
Esther Lai
Email: esther@ram.com.my
Chew Wee Li
Email: wlchew@ram.com.my
Publications | Description | Frequency |
RAM Economic Outlook | This half-yearly publication provides updates on our short-medium-and long-term outlook on the domestic economy. | Half-yearly |
RAM Views | Features comments on the current issues and events influencing the domestic economy. | Ad hoc |
Bond Market Monthly | A monthly snapshot of the performance of the Malaysian primary fixed-income market | Monthly |
Economic Insight | This publication aims to set the scene ahead of major economic data releases (on inflation and trade, among others), with specialised analyses and forecasts. | Monthly |
Publications | Description | Frequency |
CreditPulse | RAM Ratings’ CreditPulse encompasses our outlook on the credit market and key industries in Malaysia. This annual publication has gained much recognition vis-à-vis our market-shaping opinions. It also provides insights on specific debt issuers within RAM Ratings’ universe, in the context of our views on the prospects of the relevant economic sectors. | Annual |
Banking Insight |
The annual Banking Insight publication (formerly known as the Banking Bulletin) is highly sought after and represents RAM Ratings’ outlook and thought leadership on the Malaysian banking industry. As the leading provider of financial institution ratings, our deep insights and analysis are underscored by our extensive coverage of the banking sector and broad market experience. This publication also features a separate report for the Islamic series entitled the Islamic Banking Insight. |
Annual |
Banking Scoreboard |
Published annually, the Banking Scoreboard facilitates peer comparison of key commercial banks in Malaysia across numerous financial metrics. The financial indicators and data presented allow easy benchmarking among banks, together with trend analysis for each entity. Readers will also find a separate publication for the Islamic banks in Malaysia. |
Annual |
Banking Quarterly Roundup | This quarterly commentary provides a snapshot of the average performance of key domestic banking groups. The quick overview encompasses their most recent quarterly results and the overall banking system’s latest financial indicators. | Quarterly |
StandPoint Commentary | As the name suggests, the StandPoint Commentary offers RAM Ratings’ views on current issues and events pertaining to specific industries in the domestic economy. Released on an ad hoc basis, this publication aims to keep our readers abreast of the latest topics in the market. | Ad hoc |
Corporate-Default & Ratings-Performance Study | Published annually, RAM Ratings’ Corporate-Default & Ratings-Performance Study is renowned for tracking the ratings performance of the Malaysian bond market; it also examines default experience over a 5-year period. In addition, it addresses rated corporates’ credit trends in terms of notched ratings, supported by a comprehensive analysis of rating-migration patterns. This study provides evidence on the consistency and quality of our ratings, and underlines the high standards and analytical rigour that shape our rating decisions. | Bi-annual |
Rating Criteria & Methodology | RAM Ratings’ Rating Criteria & Methodology provides transparency on and a better understanding of our rating approach, methodology and criteria, rating factors, and rating policy, among others. As our rating spectrum expands, we will keep you informed of our new criteria and methodology. | Ad hoc |
Quarterly results commentaries | Consistent with RAM Ratings’ monitoring process for all our rated debt issues, the Quarterly Commentary provides an updated performance review and outlook on the public-listed entities within our portfolio. | As and when quarterly results are published |
RAM League Tables | Released on a quarterly basis, the RAM League Tables feature lead managers’ league tables for corporate bonds and sukuk issues, in terms of both programme value and number of issues. At the same time, there will be a summary of activity in the rated bond market during that specific period. | Quarterly |
Sukuk Snapshot | Sukuk Snapshot is designed as a quick reference point for sukuk data and trends. This quarterly publication aims to serve the needs of market practitioners, enabling them to monitor global and Malaysian sukuk market developments. | Quarterly |
Sukuk Reflections | Sukuk Reflections is a publication to showcase trending topics or ideas from leading industry experts and is aimed at catalysing thought leadership by combining RAM’s expertise in rating sukuk. | Ad hoc |
Asset Monitoring Report | A half-yearly summary report for investors of securitized transactions, detailing monthly performance of the underlying asset portfolio and rated notes. | Half-yearly |