KENANGA ANNUAL REPORT 2017

09 Kanagaraj Lorenz Malaysian / Male / Aged 60 Position • Independent Non-Executive Director • Member of Audit Committee (Appointed on 2 April 2018 ) • Member of Group Board Risk Committee (Appointed on 2 April 2018) Kanagaraj Lorenz (Raj) was appointed to the Board of KIBB as an Independent Non-Executive Director on 26 December 2017. He is a graduate from the Sunderland University, United Kingdom, and a member of the Malaysian Institute of Certified Public Accountants and a fellow of the Institute of Chartered Accountants in England and Wales. Raj is a payment specialist who has over thirty (30) years’ experience in the finance industry. He held the position of Group Chief Executive Officer of GHL Systems Berhad (GHL) since his appointment in September 2011 till the end of 2016. He retired from GHL as an Executive Director in May 2017. Currently, he is actively involved with the FinTech Association of Malaysia and various FinTech companies. Prior to GHL, Raj worked for Citibank for fourteen (14) years in Malaysia and Australia in various positions in Investment and Corporate Banking covering; treasury risk management, Chief Financial Officer (CFO), and finally, as Head of Marketing of a Corporate Bank unit. Raj left Citibank in 2000 to create an internet payment start-up for DBS Bank Ltd. in Singapore. It was the first real-time Direct Debit gateway of its kind in ASEAN. This company was eventually purchased two (2) years later by NETS Pte Ltd (NETS), a large payments company in Singapore, which is owned by the Singapore banks and rebranded as “eNETS”. He built “eNETS”, the internet payment arm of NETS from inception into a leading online payment gateway in Singapore. He also spearheaded NETS’ investment into China with a joint venture partner and interconnected China UnionPay (CUP) with NETS such that CUP cards could be accepted in Singapore for the very first time outside of China, Hong Kong and Macau. He has no family relationship with any Director and/ or major shareholder of KIBB. He also has no conflict of interest with KIBB and has never been convicted of any offences within the past five (5) years and has not been imposed any penalty by the relevant regulatory bodies during the financial year 2017. Annual Report 2017 25 directors’ profiles