KUALA LUMPUR (May 6): Asset and wealth management firm Kenanga Investors Bhd (Kenanga Investors) has announced the launch of Kenanga Trustees Bhd (Kenanga Trustees), aimed at providing tailored wealth preservation solutions.

The subsidiary, previously known as Kenanga Funds Berhad, specialises in a comprehensive range of trust services, including private trust solutions for individuals and corporate clients, Kenanga Investors said in a statement.

The move is part of efforts to broaden Kenanga Investors’ financial offerings and establish itself as a one-stop wealth planning centre, it said. 

Kenanga Trustees’ preliminary offerings include the Kenanga Will Series and Kenanga Wasiat Series; both aim to simplify the estate planning process for individuals and families of diverse backgrounds, the group said.

Meanwhile, its private client advisory service provides tailored solutions for individuals with complex financial needs.

In addition to estate planning, Kenanga Trustees also provides custodial and escrow agent services to corporate clients, reinforcing its role as a dependable partner for protecting and enhancing commercial interests.

According to the statement, the establishment of Kenanga Trustees comes at a time when Asia is experiencing a significant wealth transfer, especially among families transitioning to the second generation.

"Our vision encompasses a future where we are the preferred hub for all wealth management needs, integrating investment solutions with innovative trust and estate planning services," said Datuk Wira Ismitz Matthew De Alwis, executive director and chief executive officer (CEO) of Kenanga Investors.

Tan Ping Ying, CEO of Kenanga Trustees, emphasised the company’s commitment to making estate planning accessible to a broader audience.

“We are dedicated to demystifying estate planning and making it available to everyone. Whether it is safeguarding a small estate or orchestrating the transfer of substantial wealth, our services are designed to meet the needs of all individuals, not just high-net-worth clients,” she said.