As part of its revamp, National Bank of Kenya (NBK) has repackaged and expanded its propositions and introduced technology-based delivery channels. The bank has named Victor Odendo, a seasoned investment professional as the principal officer of NTISL, taking charge of the revamped unit. He will lead a new team that has been set up to drive NTISL.
NBK Managing Director, Paul Russo has said that besides enhancing value to customers, the revamp of NTISL is part of ongoing efforts to turn around NBK. “The new NTISL marks yet another milestone in our turnaround journey that continues to bear fruit, as demonstrated in our financial results. We are keen on unlocking value from our various offerings. We now have a variety of bespoke and extensive solutions that cater for the unique needs of individual, small and medium enterprises (SMEs) and corporate customers, which cut across the investment spectrum,” Russo emphasized.
NTISL is a wholly owned subsidiary of NBK that has been in existence since 1995, catering for clients seeking to invest. Its solutions include: fund management for pension schemes, provident funds and trust funds, private wealth management for clients seeking tailor made investment portfolios, umbrella schemes for small or start up pension schemes that cannot run on their own, personal pension plans for individuals to save for retirement as well as income drawdown fund for retirees. It is currently in the process of registering a unit trust scheme which will be accessible to the larger investing public.
According to Russo, NTISL now has experienced investment professionals with a solid track record, a refined delivery structure and leverages technology to deliver trustworthy and unbiased investment advice.