StanChart introduces investment platform for wealthy Kenyans
The Signature Select Variable Capital Company (VCC) platform allows eligible investors to spread their money across different investment strategies instead of relying on a single portfolio.
Nairobi, Kenya - Standard Chartered Bank Kenya has launched an investment platform designed for high-net-worth individuals, providing access to four professionally managed investment strategies across various assets and markets. Titled the Signature Select Variable Capital Company (VCC) platform, it enables eligible investors to diversify their funds among different investment strategies rather than relying on a single portfolio.
The bank sought approval from the Capital Markets Authority (CMA) approximately four months ago to establish this platform. Since its inception, the platform has amassed over $20 million in assets under management. Ayesha Abbas, Head of Affluent and Wealth Solutions, EMEA and UAE, explained that investors are transitioning from traditional saving methods to structured wealth management. "The investment journey has evolved from saving to investing and now towards structured wealth management," Abbas noted.
Abbas highlighted that investors are increasingly focusing on managing risk, preserving liquidity, and planning for the future. The VCC structure can house multiple investment strategies, known as sub-funds, each with its specific investment objectives. The platform caters to sophisticated investors whose financial requirements have become more intricate as they strive to safeguard and transfer their wealth.
During the platform's launch, investment experts advised investors to allocate their investments across multiple assets and markets while considering their risk tolerance and long-term financial objectives.
Written by urgent.news from Capital Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
