Fund manager Arvocap has partnered with a non-dealing online forex broker, Scope Markets Kenya, hoping to grow its business options.
The fund is seeking to leverage the partnership to grow its assets under management by at least five-fold by the end of the year from the current base of Sh1 billion.
Arvocap Chief Executive Monicah Mwaniki said the partnership would offer customers access to custom-made asset management solutions.
“This milestone underscores our commitment to offer individual and institutional clients tailored asset management strategies to achieve their financial goals,” she said.
The partnership will also provide the fund manager’s clients with tools geared at optimising investment returns while managing risk.
Scope Markets Kenya Chief Executive Kenneth Waiganjo said the broker would provide the fund manager with its trading infrastructure to enhance offerings to clients, including an enhanced trading environment and investment opportunities.
“We are excited to work with Arvocap and support their journey as a licensed fund manager.
“The partnership is built on our shared values of providing clients with transparent, secure, and innovative investment solutions,” he said.
Arvocap is hoping to rise the ranks to become a top fund manager in the country by funds managed, gaining a greater share of the Sh389.1 billion asset class as of December 2024.
The fund manager was ranked 29 out of 37 managers at the end of last year with an assets under management of Sh537.6 million.
