Standard Investment Bank (SIB) Kenya is set to enhance its financial services and investment solutions in coast region with the opening of its latest branch in Mombasa County.
The expansion comes after its recent approval by the Retirement Benefits Authority (RBA) to manage pension funds.
Additionally, SIB has diversified its portfolio to include the management of its multi-asset Mansa x Fund as well as Taifa Pension Fund and Safaricom’s Ziidi Money Market Fund among others.
“On the Global Markets side, the MansaX Special Fund stands tall as the largest special collective investment scheme in Kenya, managing assets worth over Ksh 55 billion.,” said Nickay Wangunyu, SIB Kenya Executive Director, Strategy & Operations.
According, Wangunyu since 2010, the bank has traded over Ksh 2.56 trillion worth of Fixed Income Securities and more than Ksh 500 billion in equities assets.
“We have also successfully completed over 67 corporate finance advisory mandates valued at Ksh 269.8 billion since 2005 and this includes the largest ever Public Bond Offer for Kengen PLC valued at Ksh 25 billion,” added Wangunyu.
The bank also expects the Nyali branch deliver its services to empowering individuals and businesses with financial and investment tools they need to succeed.
