Standard Investment Bank (SIB) has opened a new office in Mombasa, its first outside Nairobi, in its fresh quest to expand its services across the country and East African region.
The firm which has been a leading financial services provider in Kenya since 1995, has until now had a physical presence at its headquarters inside the Nairobi Central Business District (CBD).
The venture out of Nairobi, aligns to its long-term goal of bringing investment banking and wealth management services closer to businesses and households in the region.
“We recognise our clients’ growing demand for investment banking services outside Nairobi, as we celebrate 30-years in the industry,” said Nickay Wangunyu, Executive Director for Strategy & Operations at SIB.
“The rising interest in global financial instruments, particularly through the Mansa-X Special Fund, has motivated us to expand and refine our offerings. As we continue to innovate and deepen our client partnerships, we remain committed to broadening our reach across Kenya and the wider East African region.”
SIB offers investors with an entry point to asset management, securities trading, market research, investment management and corporate finance.
The firm is a member of the Nairobi Securities Exchange, the Central Depository and Settlement Corporation and the Kenya Association of Stockbrokers and Investment Banks. (Kasib).
SIB is licensed by the Retirement Benefits Authority (RBA) to manage benefits schemes and is also regulated as an investment bank and special collective investment scheme (CIS) by the Capital Markets Authority (CMA).
Its global markets division which runs the special CIS offers exposure to global financial markets through the MansaX special fund and the MansaX special Shariah fund.
The MansaX special funds currently have assets under management (AUM) at Sh55 billion and rank second from CIC in CISs’ asset valuation.
SIB’s corporate finance division meanwhile offers advisory to public and private institutions including strategy, balance sheet restructure and capital raising, and has so far closed over 70 transactions worth Sh300 billion.
