Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance.
About Madison Asset Management Services Limited (Madison Asset)
Madison Asset Management Services Limited (Madison Asset) is a fund manager, licensed by both the Capital Markets Authority ("CMA”) and the Retirement Benefits Authority ('RBA”) to offer fund management services in Kenya.
As at 31st December 2014, Madison Asset managed investments amounting to over Kshs 3.5 billion belonging to retail clients, pension funds, other institutions and high net worth individuals.
The Company is part of the Madison Group Limited, which includes Madison Insurance Company Kenya Limited; one of the leading Insurance Companies in Kenya. The ultimate shareholding of the Madison Group Limited consists of some 60 individual Kenyans and locally incorporated institutions.
Madison Asset was incorporated in 2001 and registered by the RBA, as a fund manager, in the same year. Since 2001, the Company has been actively involved in pension fund management and managed pension investments amounting to over Kshs 2.0 billion as at 31st December, 2014