Kenanga lnvestment Corp introduces professional investment management services

An interactive discussion on the importance of professional investment management wasorganised by Kenanga lnvestment Corp Ltd. at Cinnamon Lakeside recently.

The event highlighted the importance of professional investment management as opposed to doing it alone.

Keynote speaker at this event was Kenanga lnvestors Berhad CEO Abdul Razak. He spoke on ‘lnvestment Management – A Malaysian Experience.’ He touched on how investment management in Malaysia had evolved over the years and how it had benefited the Malaysian high net worth investors.

The other speakers were Brandix Lanka Chief Financial Officer Hasitha Premarathne and KICL Associate Financial Analyst Manosh Kulasena.

The event also featured an interactive panel discussion and a question and answer session moderated by LR Global Managing Director and former Director General, Securities and Exchange Commission of Sri Lanka Channa De Silva and was joined in the panel discussion by Razzak, Premarathne and Orion Fund Management Ltd. Director Alastair Corea.

With the boom in the economic activities and the resulting growth in the equities market, KICL has identified a gap for individuals and corporations to participate in a professional manner in the stock market with quality research and sound advisory services. With the technical support of KICL’s Malaysian partners in research and marketing, KICL will fill this gap with the provision of investment management services to Sri Lankans wishing to participate in the Colombo Stock Exchange.

Through the wealth management services, KICL offers specialised and individualised investment management services including: investment funds, portfolio management, gilt-edged and other investments tailored to a broad spectrum of individual and corporate clients.

ln recent past, KICL has successfully concluded over Rs. 10 billion worth of deals including lnitial Public Offerings (lPOs), listing by way of introduction, corporate debentures and financial restructuring of companies.

“KICL is licensed as an investment manager by the Securities and Exchange Commission of Sri Lanka (SEC) and the discretionary private fund management and administration is provided by a skilled group of investment professionals and it centres on the fine balance between preserving capital and growing it responsibly,” KICL CEO Shahid Sangani said.

Kenanga lnvestment Corporation Ltd., was established in Sri Lanka in 2007 and specialises in capital markets activities with core strengths in investment banking and fund management. KICL is the overseas investment arm of Malaysian-listed financial group, K&N Kenanga Holdings Berhad (Kenanga). Kenanga has over 40 years of experience in equity broking, investment banking, futures broking, treasury, specialised finance and fund management. As of 31 December 2011 Kenanga had US$ 890 million of total assets under management.