Kenanga Investment Bank named Best Securities House Malaysia 2022

KUALA LUMPUR: Kenanga Expenditure Bank Bhd has been named Very best Securities Household Malaysia 2022 at the Asiamoney 2022 Most effective Securities Properties Awards.

The financial investment lender stated in a assertion that the award was to recognise its file functionality in 2021.

Kenanga Expense Bank group running director Datuk Chay Wai Leong said at the main of the financial commitment bank’s ongoing development is the resilience, innovation and devotion of its groups, as effectively as the belief and assistance from over 50 % a million Malaysian investors and traders who are its shoppers.

“As a homegrown brand with virtually 50 years of record in the region, we have grown from energy to strength, from a humble stockbroking home to the entire-fledged financial commitment lender that we are right now.

“Looking forward, we keep on being centered on reinforcing our small business fundamentals and strengthening our electronic offerings and infrastructure to make certain we go on to carry the greatest of economic alternatives to our clientele.

“Despite the present uncertainties of the world-wide and domestic markets, our extensive working experience navigating various current market cycles and disorders above the yrs, will put us in very good stead,” he stated.

Kenanga stated the team continues to be the major and speediest rising retail stockbroker with a market place share of about 25% as at March 31, 2022, up 3.% from the earlier corresponding quarter.

“The Group’s joint-undertaking, Rakuten Trade, a completely on-line stockbroking platform has obtained in excess of 245,000 trading accounts underneath its belt due to the fact the partnership started and clients can glance ahead to much more interesting new-price included goods and features on the platform that will set the stage for far more seamless and optimal buyer journey and knowledge.

In February 2022, the Team released Kenanga Digital Investing (KDI), a totally artificial intelligence-driven electronic expense system made to simplify how Malaysians save and commit. This freshly launched product has crossed RM200mil in belongings less than administration.

The Asiamoney 2022 Greatest Securities Properties Awards examined domestic securities residences of 12 marketplaces in Asia, and winners have been determined through details from day by day protection of the region, proprietary polls and awards information, league tables as perfectly as interviews and 3rd-celebration resources.