National Bank of Kenya (NBK) has revamped its investment unit, National Trustee and Investment Services Limited (NTISL), to deliver enhanced value to its customers.
NBK, a fully-fledged Commercial Bank and a subsidiary of KCB Group has named Victor Odendo, a seasoned investment professional as Principal Officer of NTISL.
Odendo will take charge of the revamped unit.
The unit will offer fund management for pension schemes, provident funds and trust funds.
It will also offer private wealth management for clients seeking tailor-made investment portfolios; umbrella schemes for small or start-up pension schemes that cannot run on their own.
In addition, personal pension plans for individuals to save for retirement; income drawdown fund for retirees and is currently in the process of registering a unit trust scheme which will be accessible to the larger investing public.
NBK Managing Director, Paul Russo said that besides enhancing value to customers, the revamp of NTISL is part of ongoing efforts to turn around NBK.
“This new NTISL marks yet another milestone in our turnaround journey that continues to bear fruit, as demonstrated in our financial results.”
“We are keen on unlocking value from our various offerings. We now have a variety of bespoke and extensive solutions that cater for the unique needs of an individual, SME and corporate customers, which cut across the investment spectrum,” Mr Russo added.