Cytonn Investment officially launched its asset management division, Cytonn Asset Managers Limited (CAML), on March 11 following regulatory approvals from the Capital Markets Authority (CMA) and Retirement Benefits Authority (RBA). The firm received licenses to operate as a Real Estate Investment Trust (REIT) Manager and Fund Manager, enabling it to offer regulated products for retail and institutional investors.
Cytonn CEO Edwin Dande emphasized the company's commitment to delivering competitive returns through rigorous product development and technological innovation. "We will maintain the same standards in all asset classes as we did with real estate, while enhancing client access to investment monitoring tools," he stated.
The division's launch coincided with the rebranding of the Seriani Money Market Fund to Cytonn Money Market Fund (CMMF). With a current asset base of KSh 21 billion and KSh 82 billion in projects under mandate, Cytonn aims to accelerate growth through its expanded regulatory capabilities.
The event was attended by National Treasury CAS Nelson Gaichuhie, former Senate Speaker Ekwe Ethuro, and other industry stakeholders. Cytonn Asset Managers Chairman Madhav Bhalla highlighted the firm's role in advancing capital market development through its licensed operations.
