Cytonn Asset Managers Limited says it has has entered into a conditional agreement to acquire all the issued shares of fund management firm, Seriani Asset Managers Limited.
The acquisition is subject to various conditions including regulatory approvals from the Competition Authority and the Capital Markets Authority of Kenya.
Seriani, a client-focused fund management company based in Nairobi, operates as an independent entity with the objective of delivering superior investment returns to their clients.
“This strategic acquisition of Seriani is meant to accelerate our entry into the regulated investments products market as Seriani already has three registered Collective Investments Schemes offering a Money Market Fund, a Balanced Fund, and an Equity Fund. This will save us the amount of time it takes to go to market with offerings for retail investors,” said Maurice Oduor, Principal Officer, Cytonn Asset Managers Limited.
“Our aim is to deliver to our clients above market average superior risk-adjusted returns, through allocation to alternative markets, which has historically shown the capacity to deliver attractive investment returns,” added Oduor.
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Seriani’s capability and dedication to offering unrivaled fund management service compliment CAML’s operating style, which includes offering Collective Investments Schemes, Pension Fund Management and Real Estate Investments Solutions to Global and Local Institutional Investors, High Net Worth Investors, and Retail Investors.
