Kenanga Investment Bank buys i-VCAP Management

Kenanga Investment Bank group managing director Datuk Chay Wai Leong said the acquisition of i-VCAP will enable the group to build better, more diversified portfolios through its product capabilities across the group.

KUALA LUMPUR: Kenanga Investment Bank Bhd acquired i-VCAP Management Sdn Bhd, which is its latest within the last 14 months, as it expands its asset management business and deliver new investment solutions for its clients.

In a statement on Tuesday, Kenanga IB group managing director Datuk Chay Wai Leong said the acquisition of i-VCAP will enable the group to build better, more diversified portfolios through its product capabilities across the group.