Nairobi — Enwealth Trustees Services Limited has received approval from the Capital Markets Authority to operate as a licensed corporate trustee in Kenya, expanding the number of firms offering fiduciary oversight services within the country's capital markets sector.

The approval allows the company, a subsidiary of Enwealth Group, to provide trustee and fiduciary services for capital markets transactions including collective investment schemes, corporate bonds, infrastructure financing structures and other regulated investment vehicles.

According to the Capital Markets Authority, increasing the number of licensed corporate trustees is expected to strengthen investor protection, improve fiduciary oversight and deepen access to investment services in Kenya's growing capital markets industry.

In a statement, the regulator said Enwealth Trustees Services Limited will offer trustee services for collective investment schemes, secured transactions, retirement benefit trusts, employee share ownership plans, escrow accounts and corporate bond structures, among other services.

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Speaking after the approval, the company said the license marks a major milestone in its efforts to support the development of Kenya's financial markets through governance-focused trustee solutions.

"This approval reflects our commitment to contributing meaningfully to the development of robust and globally competitive capital markets financial products in Kenya," the company said.

Founded in 2011, Enwealth Financial Services Limited provides pension administration, investment advisory, insurance and trustee services across East Africa and Mauritius.

The firm says it currently serves more than 200 corporate clients and manages about 900 million US dollars in assets under administration and consulting mandates.