Kenanga IB’s acquisition of ECM businesses completed

Chay: ‘This merger has given us the platform to better serve the needs of our enlarged and growing customer base.’

KUALA LUMPUR: Kenanga Investment Bank Bhd (Kenanga IB) has completed the acquisition of the businesses of ECM Libra Investment Bank Bhd and the new entity will start business on Monday.

K&N Kenanga Holdings Bhd (the parent of Kenanga IB) group managing director Chay Wai Leong said the entire rationalisation process between both entities was expected to be completed in nine to 12 months.