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InvestmentOne acquires Kakawa Asset Management

By on October 15, 2014

InvestmentOne Financial Services Limited, a financial services group has expanded its operations with the acquisition of Kakawa Asset Management Ltd (KAML), a former subsidiary of Kakawa Discount House Limited.

A company statement yesterday explained that with three recent acquisitions, Investment One is arguably the fastest growing investment company in Nigeria.

KAML is registered by Securities and Exchange Commission (SEC) as a corporate investment adviser and fund manager and it is also a dealing member and stockbroking firm at the Nigerian Stock Exchange (NSE).

“This acquisition of KAML brought its Kakawa Guaranteed Income Fund (KGIF) into the portfolio of bespoke investment products of InvestmentOne.

“With the acquisition of KAML and KGIF, the clients and unit holders of the company and fund respectively will benefit from the expertise and technical know-how of the Investment One stable,” it added.

According to the statement, Investment One stockbrokers is also set to launch an array of services among which is its online trading platform which would facilitate access to trading on the stock market at the investing public’s fingertips.

The new service would allow investors place their buy and sell mandates on the go, the statement added.

“Investment One Stockbrokers’ arrays of new functions further confirmed its profile as one of the leading stockbroking firms in Nigeria.
“The recently rebased economy of Nigeria has revealed that there is an emerging middle class segment with considerable disposable income. Investment One’s investment education activities which include free seminars for the general public currently cover the FCT, Lagos, Rivers, Kwara, Bayelsa, Imo and Oyo States will be extended to other parts of the country,” it added.

These investment education activities are expected to inculcate investment consciousness and culture in the mind of the average Nigerian.

 

[This Day]