Kenanga gets investment manager licence
Kenanga Investment Corporation Limited (KICL), an investment arm of K
& N Kenanga Holdings Berhad Kenanga in Sri Lanka, was granted an
investment manager licence by the Securities and Exchange Commission
(SEC) of Sri Lanka recently. The licence allows KICL to offer new
investment management products to cater to specific target markets.
The company plans to launch two investment products within the second
half of this year. ”Sri Lanka is on the international investor radar due
to its rapid growing economy.
We would want to leverage every opportunity and fill the gap in
financial products and services”, said Deputy Chairman of KICL, Rohan
Kenanga is a provider of wealth management and investment banking
services in Malaysia. As at June 30, Kenanga’s total assets under
management stood at RM 2.4 billion.