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UK securities institute opens office in Nairobi

Paul Muthaura
CMA chief executive Paul Muthaura. FILE PHOTO | NMG 

The UK-based Chartered Institute of Securities and Investment (CISI) has opened its first African office in Nairobi as it seeks to expand into the continent.

CISI is a global professional body for securities, investment, wealth and financial planning professionals formed in 1992 by London Stock Exchange practitioners. This will be the eighth office by CISI outside the United Kingdom. Others are in Singapore, Spain, Sri Lanka, the United Arab Emirates (UAE), India, Ireland and the Philippines.

“CISI is proud to partner with the Capital Markets Authority (CMA) and to help establish the Kenyan capital markets as a centre of excellence as well as a gateway for regional and international capital flows,” said CISI director of global business development Kevin More.

CISI has been active in Kenya since 2014 when it signed an MoU with CMA.

Since then, CISI’s examinations have been part of the securities industry certification programme and over 2,500 candidates have sat for them. “Choosing Kenya as the first country in Africa to open a full-fledged CISI office is a strong validation of its gateway position as we edge closer to achieving the goal of making Nairobi an international financial centre,” said CMA chief executive Paul Muthaura.