Principal Investing
IPA
Investments is structured to hold investments in its financial services
subsidiaries. IPA also invests for the benefit of its shareholders in
mortgage-backed assets and a portfolio of merchant banking and other
long-term assets. Most of the income from these principal investments
is untaxed at the corporate level and is passed directly on to
shareholders as taxable dividends or capital gains. Our merchant
banking portfolio puts our equity capital to work alongside that of our
clients and other investors in selected transactions that our
investment banking group underwrites. These investment decisions are
driven by the same fundamental valuation approach we use in our
research and underwriting transactions.
Principal Investing Leads
- Pham Minh Huong
Chief Investment Officer, Head of Principal Investment
- Vu Hien
Member of Investment Review Board
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