ASEAN KEY DESTINATIONS
IRESS Delivers Integrated Technology Solution to KENANGA
KUALA LUMPUR, Malaysia--Media OutReach-- 12 DECEMBER 2013 -- IRESS, a leading international supplier of capital markets, wealth and mortgage management systems, announced that it had successfully delivered an integrated technology solution for Kenanga Investment Bank Berhad's ("KIBB") Wealth Management division. This integration supports KIBB in their implementation of KENWRAP, their next generation wealth management platform.
The technology platform solutions provided to KIBB's Wealth Management division comprises of IRESS' extensive advice platform ("XPLAN") and IRESS Portfolio System ("IPS"). It meets a key requirement of KIBB which is to synthesise various product classes into multiple functions including client engagement, workflow automation, financial planning tools and document management. This will help enhance servicing levels and support efficiency in managing a client's financial needs.
Jason Hoang, IRESS Managing Director, Asia, commented, "Through Kenanga, IRESS was able to demonstrate a true understanding of the unique needs of the financial services business in Malaysia and provide relevant expertise and technological solutions. Providing not only the right solution, but also the sort of working partnership to inspire confidence in KIBB that their requirements would be met was vital to this project."
"This integration will provide KIBB with the necessary tools to fully support and manage their clients in the evolving regulatory landscape."
Mr William Lee, Director, Head of Wrap Wealth Management, KIBB explained: "We support the pursuit of financial security through careful strategic wealth management and planning. This includes access to a comprehensive range of investment products as well as tailored financial advisory services. Kenanga's Wealth Management division offers clients a one-stop investment solution centre. The selection of IRESS meets with our requirements as it had the ability to deliver a single integrated platform solution across different product classes such as unit trusts, equities, treasury products and insurance".
Kenanga Group, established for more than 40 years in Malaysia, is a reputable financial group in Malaysia with extensive experience in equity broking, investment banking, futures broking, treasury, corporate advisory, Islamic banking, wealth management and investment management.
IRESS is a principal supplier of financial markets, wealth and mortgage management systems in Australia, Asia, New Zealand, Canada, South Africa and the United Kingdom.
All product streams support a diverse range of roles and offer front, middle and back-office functionality for clients that range from financial service institutions through to independent operators.
IRESS is a progressive, service-based organisation that employs over 1340 staff globally, with local knowledge and industry experience.
IRESS strives for excellence in relationships with clients and industry bodies alike. IRESS is client-driven, responsive and promotes a culture that supports working with customers and the industry to face challenges and keep pace with industry developments.
About Kenanga Investment Bank Berhad (“KIBB”)
KIBB is a one-stop solution centre offering equity broking and corporate advisory services and strategy to meet business and capital market needs. It is the largest independent investment bank* in the country by equity trading volume and value, as well as one of the top three brokerage houses in Malaysia.
Our investors can enjoy:
• Convenience with more than 32 locations nationwide
• One of the largest remisier network in the country
• Comprehensive financial products and services
KIBB offers a wide range of products and services such as corporate and institutional coverage, corporate finance, debt capital markets, equity capital markets, corporate banking, Islamic finance, equity broking, equity derivatives and structured products, treasury as well as investment research and advisory services.
Previously known as K & N Kenanga Berhad, a universal brokerage house, KIBB was acquired by K & N Kenanga Holdings Berhad in 1996. In 2007, K & N Kenanga Berhad became Kenanga Investment Bank Berhad after being granted an Investment Banking license by the Ministry of Finance.
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