Genghis Capital has moved to allay concerns regarding the company's stability, assuring clients that it remains financially robust and dedicated to safeguarding their investments.

This comes on the heels of a statement issued by the Capital Markets Authority (CMA) saying the authority has initiated discussions with Genghis Capital Limited to address the firm's outstanding debt to its stakeholders.

In a statement to clients, Edward Wachira, the Chief Executive Officer of Genghis Capital, emphasized the company’s unwavering commitment to providing exceptional service.

"We wish to reassure our esteemed clients of Genghis Capital’s unwavering commitment to safeguarding your investments and delivering exceptional service," the statement read.

"We understand the concerns surrounding the stability of the company, and we want to emphasize that Genghis Capital remains financially strong and resilient.”

Read More

  1. CMA engages Genghis Capital on unmet obligations, assures investor protection
  2. Safaricom, SIB, ALA partner to unveil Ziidi MMF to simplify investment via M-Pesa
  3. CMA report reveals corporate governance trends among securities issuers

Genghis Capital, a market intermediary dealing in bonds and stocks, outlined its strong asset protection framework.

“As a market intermediary dealing in bonds and stocks, assets are securely held by a regulated custodian and CDSC, respectively, under the oversight of NSE and CMA,” the statement explained.

This regulatory structure ensures that there is a clear separation between client assets and operational activities, providing full protection for client investments.

Wachira reaffirmed the company’s resolve to continue managing its operations with diligence. “

We continue to manage our business with diligence to maintain stability and uphold our commitment to transparent, responsible service,” he stated.

Additionally, Genghis Capital, which serves as a fund manager for the Genghis Unit Trust Fund and Mali Money Market Fund, stressed that all client funds are securely managed by independent trustees and licensed custodians.

“As a market intermediary and fund manager for both the Genghis Unit Trust Fund and Mali Money Market Fund, we guarantee that trustees and independent licensed custodians securely manage all client funds," Ghengis Captal stated.

Wachira concluded by reiterating the company’s dedication to upholding transparency and trust.

“We deeply value the trust you’ve placed in us and remain steadfast in our mission to deliver excellence in investment management.”

The statement comes as part of Genghis Capital's ongoing efforts to reassure clients of its financial stability and commitment to responsible business practices.