Cytonn Officially Launches Cytonn Asset Managers Limited

By Vera Shawiza / March 11, 2019




Cytonn Investment has officially launched its asset management arm; Cytonn Asset Managers Limited (CAML) following approval by the Capital Markets Authority (CMA) as a licensed Real Estate Investment Trust manager.

CAML is licensed as a Fund Manager by both the Capital Markets Authority, CMA, and Retirement Benefits Authority, RBA.  CMA has also granted Cytonn Asset Managers Limited a license to operate as a Real Estate Investment Trust (REIT) Manager.

Edwin H. Dande, Chief Executive Officer of Cytonn Investments, speaking at the launch noted that having a regulated affiliate for the public markets meant that the company is in a position to offer a wide range of regulated products that are suitable to both the retail and regulated institutional investors.

“We remain focused on offering the best products to our clients, and we shall continue to invest in research to offer the very best returns to our clients. The rigor we employed in coming up with the great real estate products in the past shall be the same that we shall employ in the other asset classes. We continue to invest in technological enhancement to make it as easy as possible for our clients to monitor their investments,” added Dande.

The CEO further disclosed that they have also officially rebranded the Seriani Money Market Fund to Cytonn Money Market Fund, CMMF.

Mr. Madhav Bhalla, Chairman of Cytonn Asset Managers mentioned that they had achieved significant milestones as Cytonn Asset Managers including obtaining a REIT Manager License, receiving the Fund Manager’s license from the Retirement Benefits Authority, and obtaining the consent to register three other funds.

With the licenses, not only will Cytonn Asset Managers offer attractive returns, but they will also contribute positively to the development and deepening of the capital markets.

The occasion was graced by the presence of Hon. Hon. Nelson Gaichuhie, Chief Administrative Secretary for Treasury and Planning, and as well as Hon. Ekwe Ethuro, a client of the firm, and Chairman of the Higher Education Loans Board.

Cytonn hopes to ride on its diversified real estate portfolio and high-yielding investment solutions to deliver a robust performance in the asset management segment.



About Vera Shawiza

Vera Shawiza is Soko Directory’s in-house journalist. Her zealous nature ensures that sufficient and relevant content is generated for the Soko Directory website and sourcing information from clients is easy as smooth sailing.Vera can be reached at: (020) 528 0222 or Email: [email protected]

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