Companies and individuals that regularly engage in securities, fungible and tradable financial instruments like stocks or shares, limited investments, bonds, debentures, and other types of exchange-traded funds in Kenya are likely to interact with CDA – Central Depository Agent.
Central Depository Agents are banks and stockbrokers who execute buy and sell orders of securities only on behalf of clients and are not proprietary traders.
If we were in the Mongoloid era, CDAs could be the Nairobi Securities Exchange (NSE) floor brokers representing client orders manually on the trading floor. However, today, technology has brought flexibility by reducing complexity and enhancing performance even in the main markets, and they can now handle almost everything electronically.
With this expansion, CDAs can now offer their clients the ability to trade in all Kenyan securities listed on the NSE by registering them on the authorization of the Central Depository & Settlement Corporation Limited (CDSC), which was established in 1999 to reduce costs related to traditional central securities depositories that even had issuance of physical certificates and long duration transactions and provide clearing and settlement efficiencies by immobilizing securities and accessory rights in the stock market.
When CDAs register clients, it basically includes them in the Central Depository System (CDS), an enabler for everyone who wants to trade in NSE-listed securities. If you want to get a CDS account in Kenya, here are the CDAs you can talk to;
CDA: Banks and stockbrokers licensed by CDSC in Kenya
This is the list of banks and broker-dealers licensed to be Central Depository Agents in Kenya by CDSC;
1. ABC CAPITAL LTD
ABC Bank House, Mezzanine Floor, Westlands
P.O Box 34137 – 00100 Nairobi
Tel: 2246036/2242534
Email: headoffice@abccapital.co.ke
Website: www.abccapital.co.ke
2. ABSA BANK KENYA PLC
Westend Building, 5th Floor, Waiyaki way
P.O Box 30120-00100 Nairobi
Tel: 4254561
Email: ABKETreasuryOperations@absa.africa
Website: www.absabank.co.ke
3. ABSA FINANCIAL SERVICES LTD
Westend Building, 5th Floor, Westlands
P.O. Box 30120 -00100
Tel: 4254000
Email: bfslbbkenya@barclayscorp.com
Website: www.absabank.co.ke
4. ACCESS BANK KENYA
The Address, 11th Floor, off Muthangari Drive
P.O. Box 34353 – 00100 Nairobi
Tel: (020) 2224235/6
Email: info@tnbl.co.ke
5. AFRICAN BANKING CORPORATION LTD
ABC Bank House, Mezzanine Floor, Woodvale Groove, Westlands
P.O Box 3610-00800 Nairobi
Tel: 2246712/2217856/7/8
Email: talktous@abcthebank.com
Website: www.abcthebank.com
6. AIB-AXYS AFRICA
The Promenade, 5th Floor, General Mathenge Drive
P.O. Box 43676-00100 Nairobi
Tel: 2242170/2220517
Email: invest@aib-axysafrica.com
Website: www.aib-axysafrica.com
7. APA INSURANCE LTD
Apollo Centre, 07 Ring Road Parklands, Westlands
P.O. Box 30065 -00100
Tel: 2862000
Mobile: 0720652272/0734652272
Email: info@apainsurance.org
Website: www.apainsurance.org
8. APOLLO LIFE ASSURANCE LTD
Apollo Centre, 3rd Floor, Ring Road Parklands, Westlands
P.O. Box 30389 – 00100
Tel: 3641000
Mobile: 0722276556/0733676556
Email: insurance@apollo.co.ke
Website: www.apollo.co.ke
9. BANK OF AFRICA KENYA LTD
Bank of Africa House, Karuna Close, Westlands
P.O. Box 69562 – 00400
Tel: 3275000, 254703058120
Fax: 2214166
Email: info@boakenya.com
Website: www.boakenya.com
10. CO-OPERATIVE BANK OF KENYA PLC
KUSCCO, Ground Floor, Longonot, Upper Hill
P.O. Box 48231 – 00100 Nairobi
Tel: 020 – 32076100/ 3276000
Mobile: 0711049000
Email: custodial@co-opbank.co.ke
Website: www.co-opbank.co.ke
11. CREDIT BANK PLC
Mercantile House, Koinange Street
P.O. Box 30088 – 00100, Nairobi Kenya
Email: customerservice@creditbank.co.ke
Website: www.creditbank.co.ke
12. DRY ASSOCIATES LIMITED
Loresho Ridges, Kyuna Rd – Loresho
P.O. BOX 684 – 00606
Tel: 0705799971/0705849429/0738253811
Website: www.dryassociates.com
13. DYER & BLAIR INVESTMENT BANK
Goodman Tower, 7th Floor, Off Waiyaki Way
P.O. Box 45396-00100 Nairobi
Tel: 3240000/227803/4/5
Email: shares@dyerandblair.com
Website: www.dyerandblair.com
14. EFG HERMES KENYA LIMITED
8th Floor, Orbit Place, Westlands Road
P.O. BOX 349-00623, Nairobi Kenya
Tel: 020 3743040
Email: KenyaOperations@efg-hermes.com
Website: www.efghermes.com
15. EQUITY BANK GROUP PLC
Equity Centre, Ground Floor, Hospital Road, Upper Hill
P.O. Box 75104 – 00200 Nairobi
Tel: 2262000/2736620/2262479
Mobile: 0711026000/0732112000
Email: info@equitybank.co.ke
Website: www.equitybankgroup.com
16. EQUITY INVESTMENT BANK LTD
Equity Centre, Ground Floor, Hospital Road, Upper Hill
P.O. Box 74454-00200 Nairobi
Tel: 2262030/2262477
Mobile: 254 763056000/ 254 763063000
Email: info@equityinvestment.co.ke
Website: www.equitygroupholdings.com/ke
17. FAIDA INVESTMENT BANK LTD
Crawford Business Park, Ground Floor State House Road
P.O. Box 45236-00100 Nairobi
Tel: 243811/2/3
Mobile: 0724721014/ 0733243811
Email: info@fib.co.ke
Website: www.fib.co.ke
18. FRANCIS DRUMMOND & CO. LTD
Hughes Building, 2nd Floor, Kenyatta Avenue
P.O. Box 45465-00100 Nairobi
Mobile: 0724256815
Email: info@drummond.com
Website: www.drummond.com
19. GENGHIS CAPITAL LTD
1st Floor Purshottam Place, Westlands Road
P.O Box 607 – 00612 Nairobi
Tel: 2774750/1/2
Email: customerservice@genghis-capital.com
Website: www.genghis-capital.com
20. HFC LIMITED
Rehani House, Banda Street
P.O. Box 30088 – 00100, Nairobi Kenya
Email: hfcustody@hfgroup.co.ke
Website: www.hfgroup.co.ke
21. I&M BANK PLC
I&M Bank Tower, 8th Floor, Kenyatta Avenue
P.O. Box 30238-00100, Nairobi
Tel: 3221200/ 3221217
Email: invest@imbank.co.ke
Website: www.imbank.com
22. KCB BANK KENYA LTD
Kencom House, Moi Avenue
P.O Box 30664 -00100, Nairobi
Tel: 3270000 / 0711012000
Email: custody@kcbgroup.com
Website: www.kcbgroup.com
23. KCB INVESTMENT BANK LIMITED
Kencom house, 2nd Floor
P.O. Box 48400 -00100
Tel: 3270000
Email: investmentbanking@kcb.co.ke
Website: www.kcbgroup.com
24. KESTREL CAPITAL (EAST AFRICA) LTD
Orbit Place, Westlands Road
P.O. Box 40005 – 00100, Nairobi
Tel: 2251758/2210719
Email: info@kestrelcapital.com
Website: www.kestrelcapital.com
25. KINGDOM SECURITIES
Co-operative Bank House, 5th Floor, Haile Selassie Avenue
P.O. Box 48231-00100, Nairobi
Tel: 3276000/ 3276676
Email: info@kingdomsecurities.co.ke
Website: www.kingdomsecurities.co.ke
26. NCBA BANK GROUP PLC
NCBA House, Masaba Road, Upperhill
P.O.Box 44559-00100 Nairobi
Tel: 2888000/ 2888444
Mobile: 254711056444/ 254732156444
Email: custody@ncbagroup.com
Website: www.ncbagroup.com
27. NCBA INVESTMENT BANK LTD
NCBA House, Masaba Road, Upper Hill
P.O.Box 44599 – 00100, Nairobi
Tel: 2888444 /2888000
Mobile: 254711056444/ 254732156444
Email: custody@ncbagroup.com
Website: www.ncbagroup.com
28. PRIME BANK LIMITED
Prime Bank Office, Riverside Drive
P.O. Box 43825-00100, Nairobi
Tel: 4203000/4203116/4203148
Fax: 4451247/4203204
Email: custodial@primebank.co.ke
Website: www.primebank.co.ke
29. RENAISSANCE CAPITAL (KENYA) LTD
Pramukh Tower 10th Floor, Westlands Road, Chiromo
P.O. Box 40560-00100 Nairobi
Tel: 3682339/36821100
Email: info@rencap.com
Website: www.rencap.com
30. SBG SECURITIES LTD
Stanbic Centre, 2nd Floor, Chiromo, Westlands
P.O. Box 47198-00100 Nairobi
Tel: 3638900/3638080
Email: sbgs@stanbic.com
Website: www.sbgsecurities.co.ke
31. SBM BANK (KENYA) LTD
IPS Building, 7th Floor, Kimathi Street
P.O. Box 34886 – 00100
Mobile: 0730175000/ 0773758196
Tel: 020 2248842
Email: customerservice@sbmbank.co.ke
Website: www.sbmbank.co.ke
32. STANBIC BANK LTD
Stanbic Centre, 2nd Floor, Chiromo Road, Westlands
P.O. Box 72833- 00200, Nairobi
Tel: 3638000 /3268000
Fax: 3752905/7
Email: customercare@stanbic.com
Website: www.stanbicbank.co.ke
33. STANDARD CHARTERED BANK PLC
Standard Building Chiromo, 48, Westlands Road
P.O. Box 40984 – 00100, Nairobi
Tel: 3293900/1543/3748023
Fax: 3748023
Email: ky.securities-services@sc.com
Website: www.standardcharted.com
34. STERLING CAPITAL LTD
Delta Corner Annex, 5th Floor, Ring Road – Westlands
P.O. Box 45080-00100, Nairobi
Tel: 2213914/2244077
Mobile: 0723153219/0734219146
Email: info@sterlingib.com
Website: www.sterlingib.com
35. SUNTRA INVESTMENTS LTD
Nation Centre, 7th Floor, Kimathi Street
P.O. Box 74016-00200 Nairobi
Tel: 2870000/2211846/2223330
Mobile: 0724-257024, 0733222216
Email: info@suntra.co.ke
Website: www.suntra.co.ke
36. THE NATIONAL TREASURY
Treasury Building, 2nd Floor, Harambee Avenue
P.O Box 300007- 00100, Nairobi
Tel: 2252299
Fax: 310833
Email: investmentsecretary@treasury.go.ke
Website: www.treasury.go.ke
(Only serves the Government of Kenya)
37. UAP OLD MUTUAL SECURITIES LTD
UAP Old Mutual Tower, 3rd Floor, Upperhill
P.O. Box 50338 – 00200, Nairobi
Mobile: 254 711065000/254 711065800
Email: clientservices@oldmutualkenya.com
Website: www.uapoldmutual.com
38. UNCLAIMED FINANCIAL ASSETS AUTHORITY
Unclaimed Financial Assets Authority
Pacis Centre, 2nd Floor, Slip Road, Off Waiyaki Way
P.O. Box 28235 – 00200, City Square, Nairobi
Telephone: +254 020 4023000 | +254 706 866984
Email address: info@ufaa.go.ke
Website: www.ufaa.go.ke
These CDAs help in ratifying CDS 1 forms when opening CDS accounts to trade shares of companies on CDSC in respect of the Nairobi Securities Exchange.
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