CMA approves Liaison Financial as Investment Advisor

By / Published July 1, 2015 | 9:47 am

Capital Markets Authority (CMA) has announced the issue of a license to Liaison Financial Services Limited to operate in Kenya’s capital markets as an Investment Advisor under the Capital Markets Act and Regulations.

Liaison Financial Services Limited recently acquired the African business of Knutson Global Incorporation who has been at the forefront of the promotion of Asset-Backed Securities (ABS), Municipal Development Bonds (Muni Bonds) and Consumer Lending in Africa. The approval will enable Liaison Financial Services Limited to offer support to and guide firms interested in and ready to execute Asset-Backed Securities transactions in Kenya and other East African Partner States. Liaison Financial Services Limited has predominantly provided innovative services in the retirement and pension scheme consulting and administration.

An investment advisor is a person or group licensed under the Capital Markets Act to make investment recommendations or conduct securities analysis in return for a fee whether through direct management of a client’s assets or through written publications.

The approval lifts the number of investment advisors licensed by the Authority to 16.