KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 65 64 Declaration Luk Wai Hong, William has no family relationship with any Director and/or major shareholder of KIBB. He also has no conflict of interest or potential conflict of interest, including interest in any competing business with KIBB or its subsidiaries. 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 2024. LUK WAI HONG, WILLIAM Non-Independent Non-Executive Director Past Relevant Experiences • Chairman of the Group Board Risk Committee as well as Member of the Audit Committee, Group Governance, Nomination & Compensation Committee and Employees’ Share Scheme Committee, KIBB • Independent Non-Executive Director, K & N Kenanga Holdings Berhad • Principal and Portfolio Manager of Pacific Advantage Capital, Hong Kong and Singapore • Managing Director and Co-Head of Saba Proprietary Trading Group Asia in Deutsche Bank AG, Hong Kong • Managing Director and Co-Head of Global Credit Trading and Principal Finance Asia in Deutsche Bank AG, Singapore • Director and Head of Structured Credit Trading and Principal Finance Asia in Deutsche Bank AG, Singapore • Senior Associate Director and Senior Credit and Derivatives Trader in Deutsche Bank AG, Singapore • Senior Fixed Income Trader in HSBC Markets, Hong Kong • Fixed Income and Credit Trader in Lehman Brothers Asia, Hong Kong and Japan • Executive Fellow and Transportation Finance Specialist in the Office of Financial Management in the State of Washington, USA Academic & Professional Qualification(s) • Bachelor of Arts (Honours), Concordia University, Montreal, Canada • Masters of Urban Planning, University of Michigan, United States of America (“USA”) • Executive Fellowship awarded by the State of Washington, USA Present Appointment(s) • Director of Far East Mining Pte Ltd • Director of Investment of Cotton Tree Capital Ltd • Non-Independent Non-Executive Director of Kenanga Investors Berhad (“KIB”), a wholly-owned subsidiary of KIBB • Chairman and Non-Independent Non-Executive Director of Eq8 Capital Sdn Bhd, a wholly-owned subsidiary of KIB • Chairman of Investment Committee of KIB • Member of the Audit and Risk Committee of KIB Number of Board Meetings Attended in 2024: 12/12 Declaration Jeremy Nasrulhaq has no family relationship with any Director and/or major shareholder of KIBB. He also has no conflict of interest or potential conflict of interest, including interest in any competing business with KIBB or its subsidiaries. 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 2024. JEREMY NASRULHAQ Senior Independent Non-Executive Director Past Relevant Experiences • Director of Sweeyet Development Sdn Bhd • Chairman of Urusan Teknologi Wawasan Sdn Bhd • Chairman of Malaysia Airports (Niaga) Sdn Bhd • Independent Non-Executive Director/ Senior Independent Non-Executive Director, Chairman of the Board Nomination & Remuneration Committee, Chairman of the Whistleblowing Independent Committee, Member of the Board Audit Committee and the Board Finance & Investment Committee of Malaysia Airports Holdings Berhad • Member of the Digital Technology Implementation Committee, Capital Market Advisory Committee, as well as its Oversight Committee in MIA • Chairman of the MIA-Malaysian Qualifications Agency Joint Technical Committee and Disciplinary Committee in MIA • Deputy President of CIMA, Malaysia Division for several years and had served on the council of the MIA for four (4) years from 1 July 2018 till 30 June 2022 • Committee Member of a few national organisations such as the Malaysian International Chamber of Commerce and Industry and the Federation of Malaysian Manufacturers • Supply Chain Director for Unilever (M) Holdings Sdn Bhd, Malaysia and Unilever Singapore Pte Ltd, Singapore • Commercial Director for Unilever (M) Holdings Sdn Bhd, Malaysia • Regional Finance Manager for Unilever Asia Retail Foods • Several senior financial and supply chain positions in Unilever (M) Holdings Sdn Bhd, P.T. Unilever Indonesia and Unilever Asia (S) Pte Ltd Academic & Professional Qualification(s) • Bachelor of Science (Agribusiness) Degree (with Distinction), Universiti Putra Malaysia • Chartered Accountant, Malaysian Institute of Accountants (“MIA”) • Chartered Audit Committee Director, Institute of Internal Auditors Malaysia • Fellow Member, Chartered Institute of Management Accountants (“CIMA”), United Kingdom • Fellow Member, Institute of Corporate Directors Malaysia • Associate Member, Harvard Business School Alumni Club of Malaysia • Member of FIDE Forum Present Appointment(s) • Nil Number of Board Meetings Attended in 2024: 12/12 Date of Appointment: 1 June 2017 Length of Tenure as Director (As at 31 March 2025): Seven (7) Years and Ten (10) Months Shareholding in Kenanga Investment Bank Berhad (“KIBB”): Nil Membership of Board Committee(s): • Chairman of the Audit Committee • Member of the Group Governance, Nomination & Compensation Committee • Member of the Employees’ Share Scheme Committee • Member of the Group Board Digital Innovation & Technology Committee PROFILES OF DIRECTORS PROFILES OF DIRECTORS 61 Date of Appointment: • 1 November 2013 (Independent NonExecutive Director) • 1 November 2022 (Re-designated as a Non-Independent Non-Executive Director) Length of Tenure as Director (As at 31 March 2025): Eleven (11) Years and Five (5) Months Shareholding in Kenanga Investment Bank Berhad (“KIBB”): Nil Membership of Board Committee(s): • Member of the Group Board Risk Committee • Member of the Group Board Digital Innovation & Technology Committee 71
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