The Nairobi Securities Exchange (NSE) has today admitted Private Wealth Capital Limited (PWCL) as an Authorized
Securities Dealer (ASD) for fixed income securities listed on the NSE following the firm’s approval to operate as an ASD
by the Capital Markets Authority.
The admission makes PWCL the first non-bank ASD in Kenya and will enable the firm provide domestic and international
institutional and individual investors with bond brokerage services and market liquidity in the secondary bond market for
Kenya shilling Government Bonds, Kenya Government Eurobonds and listed corporate bonds.
PWCL is a leading investment advisory firm offering services in public and private equity and debt capital markets. The
PWCL team, which is a blend of veteran fixed income market dealers and new entrants, has extensive and diverse
experience spanning over 55 years. The team will combine their market insights with research expertise to provide clients
with strategic investment advice to maximize returns on their fixed income investments.
Commenting on the admission, Mr. Kabaki Wamwea, the Chief Executive Officer, PWCL noted, “The approval to operate
as an Authorized Securities Dealer in Kenya is a testament of our continued commitment to offer clients enhanced
investment services. Our approval will enable investors enter and exit their bond investments more easily in the secondary
market as a result of PWCL’s role as a liquidity provider”.
Commenting on the admission, Mr. Geoffrey Odundo, Chief Executive, NSE PLC noted, “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”.