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Brokers Apex, AIB to finalise merger by end of month
From left: Kenya Association of Stockbrokers and Investment Banks CEO Willie Njoroge, AIB Capital CEO Paul Mwai and Nairobi Securities Exchange CEO Geoffrey Odundo during the launch of AIB Digitrader in 2019. PHOTO | SALATON NJAU | NMG
The merger between stockbrokers ApexAfrica Capital and AIB has moved a step closer with the firms reporting they have received regulatory approvals for the tie-up.
They are targeting end-month for the conclusion of the merger, which will see ApexAfrica client accounts migrated to AIB, which will be the operating company for the new entity.
