Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
COURTESY

Finance

Genghis Capital, EGM Securities sign new deal

NAIROBI, Kenya, Jun 8 – Genghis Capital has announced a first of its kind partnership with online non-dealing forex broker EGM Securities.

In a statement, Head of Securities for Genghis Capital Kenneth Minjire says the partnership will allow Genghis to extend its offering to clients to include a wider range of alternative asset classes offered by EGM Securities.

These include online currencies, commodities,  global indices, precious metals and oil, as well as high demand stocks including tech stocks like Zoom, global banking stocks, pharmaceuticals, and biotech companies like Moderna and Gilead Sciences that are working towards a coronavirus vaccine.

Samwel Kiraka, CEO of EGM Securities, said: “Our quick to market approach to partner with Genghis was made possible by being part of a global group of companies with access to teams of specialists who can efficiently develop bespoke solutions for banks and brokerage houses, no matter the ask.”

EGM Securities is part of the Equiti Group of companies that has locally regulated subsidiaries across the world such as Equiti Capital, regulated by Financial Conduct Authority (FCA) in the UK.

“Our ambition is to be the premier provider of multi-asset products in Kenya, East Africa and the rest of Africa. We will achieve this by partnering with well-respected corporates such as Genghis,” added Kiraka.

At the same time, Minjire the partnership allows Genghis Capital to offer its clients the ability to trade for themselves in the global space, adding that it falls within the company’s vision to offer clients world-class investment options allowing them to diversify over different asset classes.

“We are always looking to expand our offering while focusing on making investing an easy and straightforward process. We consider the partnership with EGM Securities as part of that mandate. We want to offer our clients additional options and exposure when it comes to investment vehicles. Since EGM Securities is regulated by the Capital Markets Authority of Kenya and Genghis has sophisticated clients willing to explore new asset classes for attractive returns, a partnership between our two companies is a natural fit,” he said.

“We are very pleased to now partner with Genghis to extend the opportunity to a wider client base, grow revenue streams and offer access to global markets by partnering with a large company that is heavily regulated and carries deep commitment and expertise,” Kiraka said in conclusion.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...