By Laura Nyabang’a
Absa Kenya has launched its Custody Services proposition that will offer institutional and high net worth investors end to end trade settlement, asset safekeeping, corporate actions management, regulatory compliance and asset servicing among other services, at the Radisson Blu as they hosted a section of their stakeholders and clients for a business update and networking breakfast.
Speaking earlier today during the launch of Absa Custody Services, Charles Machira, CEO of the Retirement Benefits Authority (RBA), emphasized the evolving role of custodians in today’s dynamic financial landscape.
“By launching this business, we are reaffirming our commitment to becoming a pan-African investment partner of choice – powered by trust, technology, and deep regional expertise,” stated CEO Charles Macharia.
Under the theme “Aligning to the Future of Investments,” the forum brought together industry leaders, fund managers, and key stakeholders to explore new frontiers in Custody.
With the financial world moving towards more integrated, tech-driven solutions, Absa Group believes that Absa will leverage these solutions to offer services that enhance efficiency, security and client satisfaction.
Across the evolving financial environment, the role of custodians has become vital. A person is not just safeguarding assets – they are guardians of their financial security, enhancing transparency, managing risk, and ensuring the efficient functioning of the sector.
This service is also tailored for niche segments including fund managers (collective investment schemes and gratuity funds) and pension fund trustees (occupational pension funds), among others.
Absa custody services will offer safekeeping and servicing of assets, settlement of instructions for both local and cross-border investments, compliance and statutory reporting, execution of corporate actions, portfolio reconciliations and timely reporting.