NAIROBI, Kenya, May 21 – The Capital Markets Authority (CMA) has licensed three new corporate trustees to bolster oversight in Kenya’s expanding Collective Investment Schemes (CIS) market, now valued at over Sh400 billion.
The newly approved trustees include MTC Trust & Corporate Services Limited, Standard Chartered Bank Kenya, and NCBA Group Plc.
Their entry aims to strengthen investor protection and support growing demand for unit trusts, mutual funds, and other managed investment vehicles.
MTC Trust brings expertise in fiduciary services, while Standard Chartered and NCBA are leveraging their experience in custody services to expand into trustee roles.
CMA says the move aligns with its goal of building a transparent and resilient capital markets ecosystem.
Corporate trustees ensure fund managers comply with regulatory standards and scheme rules, enhancing trust and confidence among retail and institutional investors.
