Fund managers rise to 45 as CMA licenses two new firms

The number of unit trusts has also grown notably in recent years, reaching 55 at the end of last year from 36 in 2023.

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The Capital Markets Authority (CMA) has licensed two new fund managers lifting the number of firms in the space to 45.

Meridian Asset Management Limited and Swala Capital Limited are the latest licensees in the fund management business which mirrors the growing demand for professional wealth and asset management services in the country.

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