NCBA Bank has introduced a range of trustee services solutions, aligning with its commitment to safeguarding collective investments.

The announcement follows the acquisition of a Real Estate Investment Trust (REIT) trustee license from the Capital Markets Authority (CMA) in March 2024.

These trustee services cater to various needs, including managing assets during bankruptcy, overseeing retirement plans or pensions, and handling assets on behalf of others.

Under the umbrella of Trustee Services Solutions, NCBA Bank offers Real Estate Investment Trusts (REITs), encompassing both Development REITs (D-REITs) and Investment REITs (I-REITs), along with Unit Trust Funds.

These funds comprise a spectrum of options such as Money Market Funds, Bond Funds, Equity Funds, and Special Funds.

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John Gachora, NCBA Group Managing Director, emphasized the institution's commitment to providing comprehensive trustee services tailored to collective investment schemes.

"At NCBA, we are dedicated to providing comprehensive trustee services tailored to collective investment schemes which ensure secure and efficient management of assets," Gachora stated.

"Our Trustee Services Solutions are designed to offer secure and effective management of collective investment schemes, reflecting our dedication to safeguarding investments and fostering sustainable growth."

Currently, Kenya hosts four existing REITs, namely ILAM Fahari Income REIT, Acorn Development REIT, Acorn Income REIT, and Lapfund Imara Income REIT.

These entities contribute to the diversity of investment opportunities available in the country's financial landscape.

NCBA's move to offer trustee services underscores a growing emphasis on secure and efficient management within the investment sphere.

With the launch of these solutions, investors can access a robust framework for managing collective investments, ensuring transparency, security, and sustainable growth.