Ewart Salins to head UAP Old Mutual Group Asset Management unit

KENYA – UAP Old Mutual Group has appointed Investment banlker Ewart Salins as head of its Asset Management unit. Ewart will now serve as the Group’s Managing Director – Asset Management. Prior to joining UAP Old Mutual, Ewart worked as CEO at African Alliance Kenya Investment Bank. He has also recently served as Executive Director at Kestrel Capital, a local…

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Asset manager 27four launches managed by women for women in fund management accelerator

SOUTH AFRICA – Asset manager 27four Investment Managers has launched 27four Women, an accelerator managed by women for women that will focus on accelerating the trajectory for achieving both transformation and gender parity goals in South African asset management. The women-led accelerator will provide qualifying women fund managers with access to assets under management, and operational and compliance infrastructure to…

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Britam Holdings Plc records a net loss of US$84m, cites poor performance by subsidiaries

KENYA – Diversified financial services group Britam Holdings Plc, reported a net loss of US$84 million for the financial year ended 31st December 2020. The financial services provider firm attributes this depressed financial performance to poor returns from investments in its associate Housing Finance Group (HFC) and investment losses in Wealth Management Fund LLP, a fund managed by its subsidiary Britam…

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Absa Bank Kenya launches asset management unit, promises diverse financial solutions

KENYA – Financial institution Absa Bank Kenya, formerly Barclays Bank of Kenya, has launched the Absa Asset Management Limited (AAML), a subsidiary of the bank that will offer fund and wealth management solutions for its customers. The announcement comes after the bank received a greenlight from both Kenya’s Capital Markets Authority (CMA) and the Retirement Benefits Authority of Kenya (RBA)…

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Fleet and mobile manager MiX Telematics reports 18.2% decline in subscription revenue

SOUTH AFRICA – MiX Telematics, a leading global provider of fleet and mobile asset management solutions, has reported an 18.2percent decline in subscription revenue to US$25.9 million (R458m) for the first quarter to end June. The group said the decline was primarily due to the impact of pricing concessions granted to customers and the contraction in its subscriber base as…

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