Stockbrokers ApexAfrica Capital and AIB will now operate as AIB-AXYS Africa after receiving all the regulatory approvals.
This means ApexAfrica client accounts have been migrated to AIB, which will be the operating company for the new brand.
“The launch of AIB-AXYS Africa is a great step in our growth journey. The merged entity will have strengthened financial capabilities, offer enhanced relationship management as well a wide variety of solutions to our regional and global clients,” Caroline Armstong, chairperson designate AIB-AXYS Africa.
AIB-AXYS Africa will now form part of AXYS Group which is based in Mauritius with subsidiaries in Switzerland, UAE, and Hong Kong.
On the other hand, Geoffrey Odundo, Chief Executive, Nairobi Securities Exchange said AIB-AXYS Africa “Entrenches AXYS Financial Services Group confidence in the Kenyan Capital Market following its entry in Kenya in 2015 and further investment through this merger”.
The group’s core services include Asset Management, Wealth Management, Corporate Finance, Brokerage, Corporate Services, and Asset financing & Deposit-taking.