KENANGA ANNUAL REPORT 2018

13 ANNUAL REPORT 2018 GROUP MANAGING DIRECTOR’S MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE HIGHLIGHTS Strategic Acquisition In March this year, the Group’s asset management subsidiary, Kenanga Investors Berhad (“ KIB ”), entered into a conditional Share Purchase Agreement with ECM Libra Financial Group Berhad to acquire its fund management arm, Libra Invest Berhad (“ Libra Invest ”). This highly complementary strategic acquisition is expected to propel KIB’s asset under management over the RM10.0 billion mark, enhancing its position as one (1) of Malaysia’s leading unit trust and asset management companies. Established in 1995, Libra Invest is an award-winning asset management company with a stronghold in the fixed income space. Its experience in this area will complement KIB’s successful and well-recognised equity product line-up, representing a substantial expansion of its investment offerings and expertise. Subject to regulatory approvals, this acquisition is expected to close in the third (3 rd ) quarter of 2019. 1. To deliver long-term profitability and sustainable growth 2. To continue rede ning clients’ experience through innovation and technology 3. To promote good business ethics and corporate governance 4. To build a high performance culture OUR STRATEGIC OBJECTIVES EQUITY BROKING page 15 LISTED DERIVATIVES page 17 INVESTMENT MANAGEMENT page 16 STRUCTURED LENDING AND TRADE FINANCING page 18 INVESTMENT BANKING AND TREASURY page 15