Kenanga Investment Bank : Trustees Debuts, Offering Tailored Wealth Preservation Solutions

Kenanga Investors broadens its financial offerings with launch of estate and wealth planning business.

Kuala Lumpur, 6 May 2024 - Kenanga Investors Berhad ("Kenanga Investors"), a prominent leader in asset and wealth management, has announced the launch of Kenanga Trustees Berhad ("Kenanga Trustees"), formerly known as Kenanga Funds Berhad. This strategic expansion signifies Kenanga Investors' journey towards becoming a one-stop wealth planning centre that enhances, preserves, and facilitates the seamless transfer of wealth to succeeding generations.

"The launch of Kenanga Trustees is a cornerstone in our strategy to expand Kenanga Investors' array of services and capabilities. The current market landscape shows a clear demand for more sophisticated financial solutions, and with Kenanga Trustees, we are enhancing our ability to meet these needs comprehensively, fulfilling immediate financial management as well as long-term legacy planning objectives. Our vision encompasses a future where we are the preferred hub for all wealth management needs, integrating investment solutions with innovative trust and estate planning services", says Datuk Wira Ismitz Matthew De Alwis, Executive Director and Chief Executive Officer of Kenanga Investors.

As a wholly-owned subsidiary of Kenanga Investors, Kenanga Trustees inherits trust and steadfastness from Kenanga Investors' clients, promising to deliver exceptional trust administration services underpinned by highly skilled experts with integrity. The establishment of Kenanga Trustees is also timely, aligning with the significant wealth transfer currently taking place in Asia, particularly in families where the second generation is taking over. With the rapid growth of high-net-worth individuals in Malaysia, the new entity is strategically positioned to address the sophisticated financial needs of these clients.

Addressing a common misconception about the scope of estate planning, the Chief Executive Officer of Kenanga Trustees, Tan Ping Ying, explains, "At Kenanga Trustees, we are dedicated to demystifying estate planning and making it available to everyone. Whether it is safeguarding a small estate or orchestrating the transfer of substantial wealth, our services are designed to meet the needs of all individuals, not just highnet-worth clients. By offering a range of scalable solutions, we ensure that every client can benefit from tailored, strategic guidance to protect their assets and secure their family's future."

Kenanga Trustees' preliminary offerings include the Kenanga Will Series and Kenanga Wasiat Series; both aim to simplify the estate planning process for individuals and families of diverse backgrounds. Meanwhile, its Private Client Advisory Service provides tailored solutions for high-net-worth individuals with complex financial needs. Together, they demonstrate Kenanga Investors Group's commitment to facilitating effective wealth management and succession planning across different segments of the Malaysian population.

For more information about Kenanga Investors, please visit www.kenangainvestors.com.my

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