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NSE Admits Private Wealth Capital as Non-Bank Securities Dealer

An authorized securities dealer is a person authorized to deal in securities and operate in a specified market segment as may be prescribed by the Authority.

Mr Geoffrey Odundo NSE Chief Executive

The Nairobi Securities Exchange (NSE) has admitted Private Wealth Capital Limited (PWCL) as an Authorized Securities Dealer (ASD) for fixed-income securities.

PWCL becomes the first non-bank ASD in Kenya and will enable the firm to provide domestic and international institutional and individual investors.

Key services include bond brokerage and market liquidity in the secondary bond market for Kenya shilling Government Bond, Kenya Government Eurobonds, and listed corporate bonds.

“The approval to operate in Kenya is a testament to our continued commitment to offer clients enhanced investment services. It will enable investors to enter and exit their bond investments more easily in the secondary market as a result of PWCL’s role as a liquidity provider,” Kabaki Wamwea, the Chief Executive Officer, PWCL.

PWCL was founded in 2010 as a fixed income trading house before graduating as a fixed income investment advisory and debt capital markets player for corporates.


 

Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.

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