Kestrel Capital will no longer operate as an independent Investment Bank in Kenya
Kestrel Capital will no longer operate as an independent Investment Bank in Kenya according to the directive from the Capital Markets Authority (CMA).
Through a Gazette Notice No. 500, CMA the Authority has accepted Kestrel’s request for revocation of their Investment Bank license so that it can continue operating as a Stockbroker.
“The licensee shall continue operating as a Stockbroker as licensed by the Capital Markets Authority,” Wyckliffe Shamiah, CMA Chief Executive said.
Members of the public have been advised to raise any unresolved and outstanding issues (if any) with the companies and also notify the Authority on the same, within forty-five (45) days.
In line with the requirements of section 27 (1) (b) of the Capital Markets Act, upon the lapse of the 45 days and no notification to the Authority on any outstanding issues, the licenses shall stand revoked,” CMA cautions.
As a stockbroker and bond trader, Kestrel Capital serves institutional and high net worth investors at the Nairobi Securities Exchange with a focus on market and company research.