The Board has engaged the service of various service providers as per the Retirement Benefits Act as follows: -
- Fund Managers - Old Mutual Investment Group & Gen Africa Asset Managers
- Custodians - Standard Chartered Bank
- Actuaries - Zamara Financial Services
Other service providers are: -
- Lawyers - Kaplan and Stratton
- Managing Agents - Knight Frank Limited.
- Auditors - Kenya National Audit Office
Gen Africa Company Profile
Gen Africa Asset Managers (formerly Genesis Kenya Investment Management Limited) was established in 1996, to provide high quality investment management services to Kenyan institutional investors. In setting up the company, the directors were guided by the belief that institutional investors in Africa (such as retirement benefits schemes and insurance companies) had become more demanding in the services they wished to receive from the investment manager to whom they entrusted their assets.
Gen Africa Asset Managers is licensed by both the Capital Markets Authority and the Retirement Benefits Authority as Fund Managers in Kenya and Uganda.
Ownership Structure
Centum Investment Company Limited (“Centum”) acquired a 73.35 % stake in the company in December 2013, following a decision by Genesis Asset Managers LLP, to divest. The management and staff of GenAfrica Asset Managers own the balance, 26.65 %. The current revised Board reflects the new ownership structure with five Directors; three representing Centum and two representing GenAfrica management.
The company has evolved over the years from managing a single offshore client worth Kshs.1 billion in 1997 to 95 local and offshore clients valued in excess of KShs. 143 billion as at end of September 2015 (both pension and non-pension funds). This success has been driven by the passion to provide clients with competitive returns as well as superior customer service.
Old Mutual Investment Group Company Profile
Old Mutual Investment Group Limited is licensed by the Capital Markets Authority and Retirement Benefit Authority to provide fund management services. OMIG is a market leader and celebrates growth of total assets under management from KES 30 Billion in 2002 to the KES 209 Billion that we manage in February 2020.
In our capacity as Fund Manager for 18 years now, we manage both Retirement and Non-Retirement funds for a wide profile of clients ranging from commercial banks, private hospitals, parastatals and government bodies, non-governmental organizations (NGOs), learning institutions (Universities, Schools), corporates, unit trust funds and private wealth clients.
Ownership Structure
Old Mutual Investment Group (OMIG) Ltd is owned 100% by Old Mutual Holdings (Kenya) Ltd which is in turn owned 100% by Old Mutual Ltd.
Old Mutual acquired Barclay Trust Investment Services Limited in 2002 and changed its name to Old Mutual Asset Managers (Kenya) Limited. In December 2013 the name was changed from Old Mutual Asset Managers (Kenya) Limited to Old Mutual Investment Group (OMIG) Limited. This initiative was driven by the Old Mutual Group to align the names of all the Asset Management businesses across Africa.
ZAMARA FINANCIAL LTD.
The leading actuarial, employee benefits and retirement fund administration and consulting provider in Kenya.
Three main divisions:
- Actuarial Services: largest provider of actuarial and consulting services to corporate, retirement funds and insurance companies in Kenya
- Benefits Administration: providing administration services to retirement funds
- Umbrella and Retail Solutions: comprising multi-employer retirement plans, Vuna Personal Pension Plan and provision of comprehensive financial planning advice to individuals.
KAPLAN & STRATTON ADVOCATES
Kaplan & Stratton is a premier law firm providing a comprehensive range of legal services and solutions for domestic and international clients. The firm has a reputation as one of the leading law firms in the East African region. International and cross-border work forms an important part of our business.
The firm was established in 1927. The firm comprises 20 partners, all of whom are Kenyan citizens.
KNIGHT FRANK KENYA LTD.
Since its inception in 1998, Knight Frank Kenya (KFK) has grown to be a market leader in East Africa, offering leading advice and transaction support to investors, corporates and homeowners for their personal and business property needs.
Whether searching for a luxury estate or commercial space, Knight Frank delivers a seamless service from start until completion.
