KENANGA ANNUAL REPORT 2019

K E N A N G A I N V E S T M E N T B A N K B E R H A D A n n u a l R e p o r t 2 0 1 9 28 Kanagaraj Lorenz (“ Raj ”) was appointed to the Board of Directors of Kenanga Investment Bank Berhad (“ KIBB ”) as an Independent Non-Executive Director on 26 December 2017. He is a fellow of the Institute of Chartered Accountants in England and Wales and a member of the Malaysian Institute of Certified Public Accountants. Raj has over 30 years’ experience in the banking and electronic payments industries. 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 14 years in Malaysia and Australia in various positions in Investment and Corporate Banking covering treasury risk management, Chief Financial Officer, 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, that is jointly owned by the Singapore banks and rebranded as “eNETS”. He built “eNETS”, the internet payment arm of NETS from inception into the 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 and also has no conflict of interest with KIBB. He has never been charged for any offence within the past five (5) years nor has he had any public sanction and/ or penalty imposed on him by any relevant regulatory bodies during the Financial Year Ended 31 December 2019. Raj is currently holding 42,000 shares in KIBB. KANAGARAJ LORENZ P r o f i l e Malaysian Male Aged 62 • Independent Non-Executive Director • Chairman of Group Board Digital Innovation & Technology Committee (Appointed on 29 August 2019) • Member of Audit Committee • Member of Group Board Risk Committee DIRECTORS’ PROFILES