KCB Group has completed the separation of duties between KCB Capital and NatBank Trustee and Investment Services Limited. KCB Capital has since renamed itself KCB Investment Bank. As a result, the two subsidiaries that formerly supplied comparable services have assumed distinct roles.

Following the separation, KCB Investment Bank will, for example, offer brokerage, advisory, and consultancy services to the group’s clients and other customers. As it transforms to KCB Asset Management, Natbank’s operations will be focused on fund management, corporate trustee services, pension schemes, and unit trusts.

“The units will also support the network enabling our customers to first and foremost purchase instruments such as infrastructure bonds and unit trusts through our branches,” KCB’s chief executive Paul Russo

The two businesses offer two unique capacities with products that can be white-labeled. The primary objective of the two businesses is wealth management, but KCB Investment Bank has the greater asset base, having declared an asset base of Sh660.6 million for the fiscal year that ended in December 2022.

During that time, the division turned a profit, earning Sh40.3 million in net profit.