Kenanga Investment Bank named Best Securities House Malaysia 2022

Kenanga Investment Bank group managing director Datuk Chay Wai Leong

KUALA LUMPUR: Kenanga Investment Bank Bhd has been named Best Securities House Malaysia 2022 at the Asiamoney 2022 Best Securities Houses Awards.

The investment bank said in a statement that the award was to recognise its record performance in 2021.

Kenanga Investment Bank group managing director Datuk Chay Wai Leong said at the core of the investment bank’s continued progress is the resilience, innovation and dedication of its teams, as well as the trust and support from over half a million Malaysian investors and traders who are its clients.

“As a homegrown brand with almost 50 years of history in the country, we have grown from strength to strength, from a humble stockbroking house to the full-fledged investment bank that we are today.

“Looking forward, we remain focused on reinforcing our business fundamentals and strengthening our digital offerings and infrastructure to ensure we continue to bring the best of financial solutions to our clients.

“Despite the current uncertainties of the global and domestic markets, our vast experience navigating different market cycles and conditions over the years, will put us in good stead,” he said.

Kenanga said the group remains the largest and fastest growing retail stockbroker with a market share of over 25% as at March 31, 2022, up 3.0% from the previous corresponding quarter.

"The Group’s joint-venture, Rakuten Trade, a fully online stockbroking platform has received over 245,000 trading accounts under its belt since the partnership began and customers can look forward to more exciting new-value added products and features on the platform that will set the stage for more seamless and optimal customer journey and experience.

In February 2022, the Group launched Kenanga Digital Investing (KDI), a fully artificial intelligence-driven digital investment platform designed to simplify how Malaysians save and invest. This newly launched product has crossed RM200mil in assets under management.

The Asiamoney 2022 Best Securities Houses Awards examined domestic securities houses of 12 markets in Asia, and winners were determined through information from daily coverage of the region, proprietary polls and awards data, league tables as well as interviews and third-party sources.