[27 Feb 2025; Mombasa Kenya] FOR IMMEDIATE RELEASE: Standard Investment Bank (SIB), one of Kenya’s foremost indigenous investment banks, has opened its first regional branch in Mombasa, Kenya. This expansion marks another major milestone for SIB, as the bank marks its 30th anniversary this year. The new office, located on the 1st floor of Nyali Centre – Links Road, will bring exceptional investment banking and wealth management services closer to residents and businesses in the region. By establishing a local presence, SIB aims to provide greater accessibility, personalized financial solutions, and enhanced support to clients.
“As we celebrate 30 years in the industry, we recognize our clients’ growing demand for investment banking services outside Nairobi,” said Nickay Wangunyu, Executive Director for Strategy & Operations at Standard Investment Bank. “The rising interest in global financial instruments, particularly through the Mansa-X Special Fund has motivated us to expand and refine our offerings. As we continue to innovate and deepen our client partnerships, we remain committed to broadening our reach across Kenya and the wider East African region,” he added. The expansion aligns with the bank’s long-term vision of delivering world-class financial services to key markets while reinforcing its role as a trusted financial partner.
The Mombasa branch will offer SIB’s full suite of investment solutions, empowering individuals and businesses with the tools they need to succeed. To commemorate this milestone, SIB hosted an official launch dinner at the Marina Englishpoint Hotel. The dinner was an opportunity for Mombasa business leaders, partners, and clients to interact with SIB’s top management.
Notes to the Editor:
About SIB
Standard Investment Bank (SIB) is a leading financial services firm in Kenya founded in the year 1995 with assets under management worth over KES 60bn. The firm offers the market a single point of entry for Asset Management, Securities Trading, Market Research, Investment Management and Corporate Finance. SIB is a member of the Nairobi Securities Exchange (NSE), the Central Depository and Settlement Corporation (CDSC), and the Kenya Association of Stockbrokers & Investment Banks (KASIB).
SIB is licensed by the Retirement Benefits Authority (RBA) to manage benefits schemes under the Retirement Benefits Act (1997). The Firm is also licensed and regulated as an investment bank and a Special Collective Investment Scheme (CIS) by the Capital Markets Authority (CMA), Kenya.
SIB’s Global Markets division offers exposure to global financial instruments through MansaX Special Fund (KES & USD), as well as MansaX Special Shariah Fund (KES & USD), which is offered through its Islamic investment banking window, SIB Najah.
SIB’s Corporate Finance division works with Kenya’s largest public and private institutions to inform their strategic growth, structure their balance sheets, raise capital and restructure their enterprises. To date, the firm has successfully closed over 70 project transactions worth KES 300 Billion.
For more information, kindly contact:
Marketing & Communications Manager
+254 777333000
communications@sib.co.ke
