Regional banking and financial services group I&M Holding on Thursday said the company name has been changed to I&M Group.
The lender says this is after its shareholders approved the name change and “receipt of the certificate of change of name issued by the Registrar of Companies dated 28th June 2021.”
The bank also said it has unveiled its Wealth Management and Advisory Business, in a move expected to drive business growth through revenue diversification.
They will target high net worth and premium customers and potential customers will be offered through I&M Capital, a subsidiary of the I&M Group PLC.
“We are proud to launch the Wealth Management and Advisory Services Business, that looks to help build, manage and protect our customers’ wealth. This new development affirms our commitment to be financial partners of growth for all our stakeholders and truly cements our position as a one-stop-shop for all financial solutions,” Mr Daniel Ndonye, Chairman, I&M Capital, noted.
In a move to establish a fully-fledged Wealth Management and Advisory Services Business, I&M Group PLC appointed Mr Silas Mutuku as the Chief Executive Officer, I&M Capital, subject to regulatory approval.
I&M Group operates in five countries – Kenya, Tanzania, Rwanda, Uganda and Mauritius through its subsidiaries.
It is listed on the Nairobi Securities Exchange with a market capitalization of Ksh 37.5 billion.