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Sunday, 31 July 2011

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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 Senanayake.

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.

 

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