Kenanga Investment Bank Berhad to acquire i-VCAP Management.

Kenanga Investment Bank Berhad, an independent investment bank in Malaysia, agreed to acquire i-VCAP Management, an investment management services provider. Financial terms were not disclosed. “The acquisition further expands our ability to build better, more diversified portfolios through our product capabilities across the Group, and enhances the range of solutions available. This addition strengthens our competitive edge in addressing client needs, which will further accelerate the growth of our business," Datuk Chay Wai Leong, Kenanga Group Managing Director.