Speaking about the partnership, Samuel Kiraka, CEO, EGM Securities, said:
“Our quick to market approach to partner with Genghis was made possible by being part of a global group of companies with access to teams of specialists who can efficiently develop bespoke solutions for banks and brokerage houses, no matter the ask.
Our ambition is to be the premier provider of multi-asset products in Kenya, East Africa and the rest of Africa. We will achieve this by partnering with well-respected corporates such as Genghis.”
Investment bank Genghis Capital will now deal in a wider range of alternative asset classes including online currencies in a new partnership with EGM Securities.#GenghisCapitalhttps://t.co/1riOu4D2aU
Speaking about the value add this will offer to its client base, Kenneth Minjire, Head of Securities, Genghis Capital, said:
“The partnership allows Genghis Capital to offer its clients the ability to trade for themselves in the global space. In addition, it falls within our vision to offer our clients world-class investment options allowing them to diversify over different asset classes.
“We are always looking to expand our offering while focusing on making investing an easy and straightforward process. We consider the partnership with EGM Securities as part of that mandate. We want to offer our clients additional options and exposure when it comes to investment vehicles. Since EGM Securities is regulated by the Capital Markets Authority of Kenya and Genghis has sophisticated clients willing to explore new asset classes for attractive returns, a partnership between our two companies is a natural fit.”
The only two licensed brokers in Kenya, Scope Markets and EGM Securities, allow its users to use the MT4 platform, which support BTC/USD cryptocurrency trading. It will be interesting to see how this partnership provides access to these digital assets to a new class of investors in Kenya.