“Investing in collaboration and innovation.”
Kenanga Investment Bank Berhad leverages on its people to deliver success.
Kenanga Investment Bank Berhad (Kenanga) is a public listed company incorporated on 6 September 1973 and domiciled in Malaysia. It is listed on the Main Market of Bursa Malaysia Securities Sdn Bhd. Established for more than 45 years, Kenanga is a financial group with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending, and trade financing. Today, it is an award-winning, leading independent investment bank in the country with a continuous commitment towards driving collaboration, innovation and digitalization in the marketplace. It is also one of the country’s top brokerage houses, with the largest network of remisiers. Its fast-growing client base enjoys convenience through more than 30 locations throughout Malaysia.
Investment Banking is a very competitive industry. As such, Kenanga has always maintained a continual focus on innovation, digitalization and productivity, as well as to leverage on the commitment of its people to turn in a consistently good performance. Since its inception over 45 years ago, Kenanga has weathered much financial turbulence and has proven its resilience time and time again. Throughout it all, Kenanga kept delivering the best of products and services to its clientele.
Over the years, Kenanga has achieved many milestones. There are, however, several which stand out. In 2016, Kenanga signed a joint venture agreement with Rakuten Securities, Inc. (Rakuten Sec). Rakuten Sec, one of the main subsidiaries of Rakuten, Inc., is a successful online broker in Japan that distributes a comprehensive range of capital market products and services to a two million client base. The joint venture established Malaysia’s first full-fledged online stock broker, Rakuten Trade Sdn Bhd (Rakuten Trade). It swiftly gained traction in the marketplace and was recognized as Malaysia’s FinTech Company of the Year 2018, an award endorsed by the Malaysian Communications and Multimedia Commission.
At the end of 2019, the asset management arm of Kenanga, completed its business consolidation exercise with its wholly-owned subsidiary, Libra Invest Berhad (LIB). This highly complementary strategic acquisition increased the asset under management to over the RM10 billion mark, enhancing its position as one of Malaysia’s leading unit trust and asset management companies.
Constantly progressing on the digital front, Kenanga Group, having one of Malaysia’s largest network of dealers and remisiers, enabled its team of 1,000 dealers and remisiers to seamlessly operate from home, using the Kenanga remisier portal during the recent Movement Control Order (MCO). Meanwhile, its first in the market algorithmic trading calls, which is available on Telegram, generates trading strategies for the retail segment. Additionally, Kenanga has also recently received approval in principal from the Securities Commission Malaysia to roll-out a robo-advisory platform.
Underlining its commitment to pursue innovation, the Kenanga Group recently announced a partnership with award-winning digital supply chain financing company, Bay Group Holdings Sdn Bhd (CapBay), in a bid to transform the traditional factoring market in Malaysia.
Kenanga has garnered a host of awards and accolades reflecting its strong market position. Just this year saw Kenanga Group receiving Best Institutional Equities Participating Organisation, Best Retail Equities Participating Organisation – Investment Bank and Best Institutional Equities Participating Organisation – Investment Bank, along with Best Trading Participant Equity & Financial Derivatives for 17 consecutive years.. Kenanga has also been accorded the title of Best Institutional Derivatives Trading Participant – Investment Bank by Bursa Malaysia.
5 awards were clinched at the recent Refinitiv Lipper Fund Awards 2020, and three awards at the FSMOne Recommended Unit Trusts Awards 2020-2021. Kenanga continues to be a regular and repeat recipient of distinguished industry accolades, such as the Lipper Fund, Fundsupermart and Morningstar awards.
In 2019, Kenanga was awarded the Company of the Year (Investment Bank) category at the CSR Malaysia Awards 2019. Endorsed by the Ministry of Women, Family and Community Development, the Awards is jointly organised by CSR Malaysia and World Sustainability Community to celebrate outstanding Malaysian corporations for their efforts to create a better Malaysia through their corporate social responsibility (CSR) initiatives.
Highlights of Kenanga’s CSR initiatives include #KenangaGivesBack to Dialogue in the Dark Malaysia (DID). The initiative aimed to raise funds for the visually impaired at DID. Another initiative is #KenangaGivesBack to Silent Teddies Bakery. Held in conjunction with Hari Raya Aidilfitri from 28 May to 24 June 2019 at Kenanga Tower, Tthe initiative aimed to raise funds for the Silent Teddies Bakery, an initiative by the Community Service Centre for the Deaf (CSCD) to equip deaf youths with entrepreneurial skills that will enable them to be independent. Kenanga has been supporting the Silent Teddies Bakery since 2012. Kenanga has also been organising an annual Blood Donation Drive since 2012. The two-day event saw 138 volunteers including employees, remisiers and tenants.
“A company with financial acumen, with a progressive, aggressive growth mindset, coupled with a strong commitment to CSR makes Kenanga a true powerhouse of a company.”
Shanggari Balakrishnan, Chief Executive Officer, MORS Group