Stock broking and financial services firm, Securities Africa Group, has launched a Kenyan subsidiary.
Securities Kenya Ltd has been licensed by the Capital Markets Authority (CMA) and admitted as a trading participant at the Nairobi Securities Exchange (NSE).
The group is a member of the global financial services firm Altree Financial Group, which has affiliatets in New York, London, Hong Kong, Johannesburg, Lagos and Bermuda.
Securities Africa MD Michael Barnes on Thursday said with Kenya being the largest and most liquid regional market, it is an important entry point into the East African market.
“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.
The firm said it intends to position itself as the top brokerage by leveraging its local network of corporations, institutions, sovereign and retail investors.
Securities Africa Kenya CEO Anthony Munyiri said: “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. We believe that it is a very opportune time for Securities Africa Kenya’s entry into the Kenyan capital markets,” said Mr Munyiri.