CMA grants Corporate Trustee Licenses to two firms to strengthen fiduciary oversight

Nairobi, 28 May 2026…… The Capital Markets Authority (CMA) has granted Corporate Trustee licenses to two firms pursuant to the Capital Markets (Collective Investment Schemes) Regulations, 2023. The expansion in the number of licensed corporate trustees strengthens fiduciary oversight of Collective Investment Schemes and other regulated structures, supporting investor protection and market integrity, in line with the Authority’s ongoing efforts to deepen Kenya’s capital markets and expand access to investment services.

Among the firms granted the Corporate Trustee licenses include Enwealth Trustee Services Limited, which is expected to offer a range of fiduciary and trustee services for Collective Investment Schemes and other private entities, security trustee services in secured transactions and the formation and administration of specialised structures such as special purpose vehicles, securitisation trusts, employee benefit trusts (including ESOPs), retirement benefit trusts, escrow accounts, and note trustee services for corporate bonds.

The Authority has also approved the grant of a Corporate Trustee license to KCB Corporate Trustee Limited. Under the new structure, the entity will operate exclusively as a corporate trustee. The firm will provide fiduciary oversight, custodial coordination and compliance monitoring for collective investment schemes and related structures.

The entry of these corporate trustees will enhance the depth and quality of fiduciary services available to issuers and scheme promoters and ensure the compliance of the schemes under and other entities under their jurisdiction.

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