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I&M targets high-net-worth clients with wealth management unit


I&M targets high-net-worth clients with wealth management unit
MARGARETTA WA GACHERU
I&M Bank #ticker:I&M has set up wealth management and advisory business targeting high-net-worth clients in a bid to diversify its non-funded income portfolio. The tier-one lender says the services will be offered through I&M Capital, managing for the clients a range of products and services that include fixed income securities, portfolio restructuring and optimisation, investment loans for government securities, insurance products and equities. It will also offer offshore Investments in collaboration with Bank One Mauritius, which like I&M Bank and I&M Capital is a subsidiary of I&M Group. “The team at I&M Capital have a deep understanding of local and global markets and will recommend solutions most relevant to clients’ investment needs informed by fundamental research,” said, I&M Capital chairman Daniel Ndonye. “They will provide insights that will help clients ....

Nairobi Area , Daniel Ndonye , Biashara Bank , Im Bank , Im Group , Bank One Mauritius , Giro Bank , Nairobi Securities Exchange , Youjays Insurance , நைரோபி பரப்பளவு , இம் வங்கி , இம் குழு , வங்கி ஒன்று மொரீஷியஸ் , ஜிரோ வங்கி , நைரோபி பத்திரங்கள் பரிமாற்றம் ,

Oliver Fowler has been appointed as the new Board Chair of I&M bank


Oliver Fowler has been appointed as the new Board Chair of I&M bank
Shares
I&M Bank has announced the retirement of Mr. Suresh Bhagwanji Raja (SBR) Shah, its Founder and Chairman since 1974. Mr. Suresh has been subsequently succeeded by Mr. Oliver Fowler to serve as the new Chairman effective March 2021.
A statement from the bank said Shah will continue to remain on the Board as a Non-Executive Director.
With a carrer spanning 47 years as a banker, Mr. SBR Shah has led the Financial Services provider through its myriad of milestones such as acquisitions of Biashara Bank, Giro Bank, and Youjays Insurance in Kenya. He also oversaw the development of the Bank into a Financial Services Group that provides diverse solutions such as Real-estate, Financial Advisory and Bancassurance. During his tenure, I&M Bank moved from a tier 3 Bank to a tier 1 Bank. ....

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