Bar­clays tar­gets big-ticket deals on NSE with its new unit

The Star (Kenya) - - News -

Bar­clays Bank’s newly launched bro­ker­age unit, Bar­clays Fi­nan­cial Ser­vices Ltd, is tar­get­ing in­sti­tu­tional in­vestors with plans to launch Ex­change Traded Funds and deriva­tives, it an­nounced on Fri­day. The lender said it is keen to lever­age its ex­pe­ri­ence else­where.

EFTs are ve­hi­cles which en­able in­vestors to pool cash to buy into a di­verse num­ber of stocks and bonds. “BFSL is set to bring far more to the Kenyan mar­ket than a solid cap­i­tal base, em­bed­ded con­ti­nen­tal reach and a mar­ket lead­ing bro­ker­age team,” the bank’s chief ex­ec­u­tive Jeremy Awori said.

“We have com­bined th­ese el­e­ments for pur­pose...to launch new ser­vices, new in­vest­ment op­tions and new level of re­search in our stock broking mar­ket.”

Other prod­ucts to be of­fered in­clude shares and bond trad­ing ser­vices. A re­search por­tal for clients – Bar­clays Live – will also be avail­able to clients for sub­scrip­tion to get data on pre­ferred prod­ucts.

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