The new unit is part of the stockbroking and financial services firm, Securities Africa Group.
The group launched the Kenyan subsidiary last year with an eye on the African market.
The Capital Markets Authority, (CMA) has given approval for Securities Kenya Ltd to start brokerage operations. The new unit is part of the stockbroking and financial services firm, Securities Africa Group.
The group which is a member of the global financial services firm Altree Financial Group has affiliates in New York, London, Hong Kong, Johannesburg, Lagos and Bermuda.
It launched the Kenyan subsidiary last year with an eye on the African market. “It is notified for general information that the Capital Markets Authority has granted the following licence to Securities Africa Kenya...,” said CMA chief executive Paul Muthaura in a gazette notice dated 17 July 2017.
Securities Africa MD Michael Barnes last November said: “Establishing an on-the-ground platform in Kenya has always been a core consideration for Securities Africa. We are excited at the growth potential within the region and particularly Kenya,” said Mr Barnes.
“We have a focused business plan that not only intends to have a major impact on the Kenyan capital markets, but across the African capital markets as a whole,” added Securities Africa Kenya CEO Anthony Munyiri.
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