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I&M targets high-net-worth clients with wealth management unit

I&M targets high-net-worth clients with wealth management unit MARGARETTA WA GACHERU I&M Bank #ticker:I&M has set up wealth management and advisory business targeting high-net-worth clients in a bid to diversify its non-funded income portfolio. The tier-one lender says the services will be offered through I&M Capital, managing for the clients a range of products and services that include fixed income securities, portfolio restructuring and optimisation, investment loans for government securities, insurance products and equities. It will also offer offshore Investments in collaboration with Bank One Mauritius, which like I&M Bank and I&M Capital is a subsidiary of I&M Group. “The team at I&M Capital have a deep understanding of local and global markets and will recommend solutions most relevant to clients’ investment needs informed by fundamental research,” said, I&M Capital chairman Daniel Ndonye. “They will provide insights that will help clients make the

NSE hits 3-year high on bank, Safaricom stocks

NSE hits 3-year high on bank, Safaricom stocks Friday July 02 2021 By PATRICK ALUSHULA Summary Nairobi Securities Exchange (NSE) data showed that the market gained for the fifth day in a row to close trading at Sh2.7232 trillion a value last seen in April 2018. Safaricom, Equity, KCB, East African Breweries Limited (EABL) and Cooperative Bank of Kenya which now account for 81 percent of NSE wealth added Sh191.61 billion in the days since May 19. The value of shares traded on the Nairobi bourse yesterday hit a three-year high, buoyed by a rally in Safaricom and banking stocks that has seen investors gain Sh207.5 billion since mid-May.

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