Since KWAP is responsible for managing large amount of funds, an in-house Legal Division was set up to assist other departments in KWAP with legal matters such as issues related to agreements with external managers, counter-parties and corporate bodies. The Secretarial Division handles matters related to the Board and Investment Panel as well as other committees such as preparation of Board and Investment Papers, Minutes of Meetings and other activities.
Accounts and Management Services Department ensures that all KWAP’s transactions are correctly reported through the Accounts Unit and Finance Unit. Administrative issues such as procurement, managing purchases, inventory control, quality control, storage, logistics and evaluations are managed by the General Admin Unit.
Investment Support and Services Department functions comprises of two divisions, one being Investment Settlement which functions as the back office for the process of buying and selling of shares and other investments while handling accounts by preparing payment vouchers, receiving cheques, reconciliations and dividend collections. The other being Custodian Division which holds the key responsibility of monitoring and reporting of stocks exposure, valuation, sales and purchase reports on daily to yearly basis. It also monitors all activities that fall under corporate announcements such as entitlements, renounceable rights and general announcement (AGM & EGM) and safeguards share certificates for unlisted shares and unquoted shares.
As a relatively young, the Corporate Affairs Department was set up to ensure that the organisation manages its stakeholders and create the necessary awareness of the organisation towards the public.
The Information Technology Department plays a critical role for all areas in KWAP. It is responsible for operation, maintenance and development of KWAP’s IT systems.
Internal Audit Department objective is to ensure that KWAP's operations are conducted through the right processes.