bann3

 

PRESS RELEASE

 

 

CMA licenses Globetec Asset Managers Ltd as fund manager

Nairobi, 10 November 2021…The Capital Markets Authority (CMA) has licensed Globetec Asset Managers Limited as a fund manager.

Globetec will offer its retail and institutional clientele a variety of products ranging from unit trust funds, real estate investment trusts, and niche products for high-net-worth individuals. The firm aims to be a leading institutional fund manager in Kenya, connecting institutional investors to alternative investment opportunities, especially in real estate.

A fund manager is a manager of a collective investment scheme (such as a unit trust), registered venture capital company or an investment adviser who manages a portfolio of securities more than an amount prescribed by the Authority from time to time.

The approval raises the total number of licensed fund managers to 26.

ENDS

BACKROUND INFORMATION ON THE CAPITAL MARKETS AUTHORITY

The Capital Markets Authority (CMA) was set up in 1989 as a statutory agency under the Capital Markets Act Cap 485A. It is charged with the prime responsibility of both regulating and developing an orderly, fair and efficient capital markets in Kenya with the view to promoting market integrity and investor confidence.

The regulatory functions of the Authority as provided by the Act and the regulations include; Licensing and supervising all the capital market intermediaries; Ensuring compliance with the legal and regulatory framework by all market participants; Regulating public offers of securities, such as equities and bonds & the issuance of other capital market products such as collective investment schemes; Promoting market development through research on new products and services; Reviewing the legal framework to respond to market dynamics; Promoting investor education and public awareness; and Protecting investors’ interest. For more information, please contact: Antony Mwangi, Head of Corporate Communications on This email address is being protected from spambots. You need JavaScript enabled to view it.

approvalservice
certificationannual
toolkit1financial
gficonlodge
masterwhistle
  

Copyright © 2021 Capital Markets Authority. All Rights Reserved.
Joomla! is Free Software released under the GNU General Public License.

kebsISO1