NCBA Investment Bank has introduced a new suite of offshore investment products as more Kenyan clients look for ways to protect their money from local currency swings and broaden their portfolios.
The move signals growing demand for foreign currency assets among high-net-worth investors at a time when Kenya counts 6,800 dollar millionaires and rising concerns over sovereign risk have pushed wealth managers to offer global exposure much earlier in the client journey.
The bank said the products respond to client requests for access to international markets and a wider mix of assets. The push comes as the shilling continues to come under pressure and investors seek returns outside Kenya.
Muathi Kilonzo, the managing director, said the bank has built a structure to meet regulatory standards across markets and to give clients a way to move capital into global instruments while maintaining tight compliance.
The offer spans three tracks.
Pooled funds give retail and mass-affluent clients exposure to dollar-denominated fixed income and equity products. Minimum entry is 1,000 dollars.
Execution and custody services target self-directed investors who want a platform to trade global assets without managing administration or safekeeping themselves.
Bespoke portfolios are designed for ultra-wealthy clients and institutions that want direct access to global equities, bonds and specialised instruments.
The bank said the products will also serve corporate clients active in cross-border trade and Kenyans abroad who hold earnings in foreign currencies.
NCBA said all accounts will follow global KYC, AML and FATCA rules.
The launch took place at the Abojani Economic Forum, an event that draws young professionals, SME owners and retail investors interested in long-term financial planning.
