NSE Admits Private Wealth Capital Limited as Its Authorized Security Dealer

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

The admission makes PWCL the first non-bank ASD in Kenya and will enable the firm to provide domestic and international institutional and individual investors with bond brokerage services 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 is an investment advisory firm offering services in public and private equity and debt capital markets with over 55 years of experience.

"As a market, we are keen on supporting the growth of the Fixed Income market space in Kenya in line with our 2020-2024 strategy. We congratulate PWCL for the approval as an Authorized Securities Dealer and look forward to further partnerships," Geoffrey Odundo, Chief Executive, NSE PLC.