The Kenya Capital Markets Authority has granted corporate trustee licenses to Enwealth Trustee Services Limited and KCB Corporate Trustee Limited under the Capital Markets Collective Investment Schemes Regulations 2023. The move expands the number of licensed corporate trustees and is intended to strengthen fiduciary oversight of collective investment schemes and other regulated structures, with implications for investor protection and market integrity. Enwealth Trustee Services Limited is expected to provide trustee and fiduciary services for collective investment schemes and private entities, including security trustee services in secured transactions and the formation and administration of structures such as special purpose vehicles, securitisation trusts, employee benefit trusts, retirement benefit trusts, escrow accounts and note trustee services for corporate bonds. KCB Corporate Trustee Limited will operate exclusively as a corporate trustee, providing fiduciary oversight, custodial coordination and compliance monitoring for collective investment schemes and related structures. The authority said the additional licensees will deepen the range of fiduciary services available to issuers and scheme promoters and support compliance by the schemes and other entities under their oversight.
Kenya Capital Markets Authority2026-05-28
Kenya Capital Markets Authority grants two corporate trustee licenses under collective investment scheme rules
The Kenya Capital Markets Authority has licensed Enwealth Trustee Services Limited and KCB Corporate Trustee Limited as corporate trustees under the 2023 collective investment scheme regulations. The approvals expand the pool of licensed trustees for collective investment schemes and related structures. KCB will operate solely as a corporate trustee, while Enwealth is expected to offer a broader set of trustee and fiduciary services.