Jubilee Asset Management Launches The Third Financial Advisory Centre in Nyali, Mombasa.
Mombasa, Kenya 4th September 2024 Jubilee Asset Management Limited (JAML), a wholly owned subsidiary of Jubilee Holdings, has today announced the official opening of its third Financial Advisory Centre, located in Nyali Centre Mall, Mombasa County.
The milestone has marked an important step in the Fund Manager’s growth journey and commitment to bringing investment solutions closer to more Kenyans.
By establishing its third Financial Advisory Centre in Nyali, Mombasa, the Fund Manager aims to make it easier for both individuals and institutions to access personalized investment advisory services from dedicated financial advisors. This center will provide a welcoming space for personalized consultations, investment education sessions as well client support.
Mombasa combines vibrant trade infrastructure with rich tourism potential, contributing approximately 4.9% to the Kenya’s Gross Domestic Product (GDP). The county is also home to nearly 1.5 million people. This figure is expected to reach 3.2 million by 2040, according to Kenya National Bureau of Statistics (KNBS).
Speaking during the official launch, Jubilee Asset Management Chief Executive Officer (CEO) Mr. Dominic Kiarie, said that with the right financial structures and guidance, Mombasa is well-positioned to diversify into other high-impact sectors such as manufacturing, technology, and agriculture.
“We want to be a catalyst and a key enabler in unlocking this next phase of the region’s economic growth.” Said Mr. Kiarie.
He added that as Jubilee Asset Management (JAML) continues to grow its physical footprint, the company is also focused on making it easier to invest from anywhere in Kenya through the JAMHub digital self-service customer portal, which was launched in November 2024. The portal enables investors to open and manage investment accounts for the Jubilee Money Market Fund, both in KES & USD and the Jubilee Fixed Income Fund (KES) conveniently and digitally.
Over the last three years, Jubilee Asset Management Limited (JAML) has experienced strong growth with Assets Under Management (AUM). The company manages over KES 17 billion in Assets Under Management for retail investment funds and in excess of KES 195 billion in Institutional Funds, bringing its total Assets Under Management to a record KES 212 billion. This solidifies Jubilee Asset Management’s position as a leading Asset Manager, committed to empowering investors with high-performing financial solutions.
The opening of this Financial Advisory Centre in Nyali, Mombasa follows two advisory centers in Nairobi at the Jubilee Exchange Building in the Central Business District (CBD) and a second location at The Chancery building, which was launched in June 2024.
