Nairobi, June 24 -- Investment banks have transitioned into fund management, unveiling collective investment schemes/unit trust businesses and joining a 'gold rush' underpinned on strong interest in pooled investments among investing Kenyans.

The number of investment banks in the unit trust space has more than doubled over the last five years to 10 from four previously, as existing firms move to establish collective investment schemes (CISs).

As at March 2026, 10 of the 22 licensed investment banks were in the fund management space through unit trusts including Absa Securities Limited, Equity Investment Bank (EIB), Faida Investment Bank, Genghis Capital, KCB Investment Bank, and NCBA Investment Bank Limited.

Others are Stanbic Bank Ken...