[2][3] In 2012, Kenanga IB acquired ECM Libra's investment banking and stockbroking business.

It received a 30% equity investment from the U.S. financial group John Hancock in 1989.

Deutsche remained a significant shareholder until 2015 to when it disposed part of its interest to Tokai Tokyo.

[3][5] Through a series of merger transactions in 2001, the company's largest shareholder (with a 21 percent interest) is the Cahya Mata Sarawak, an investment holding company linked to the family of former Sarawak chief minister Abdul Taib Mahmud.

[8] In February 2021, Kenanga IB acquired a 19% stake in cryptocurrency exchange operator Tokenize.