Co-op subsidiary tops fund managers on NSSF 'sweet' deal

Assets under management grew from Sh121.61 billion in 2020. [File, Standard]

Co-op Trust Investment Services’ assets under management jumped by 50 per cent to hit Sh182.43 billion last year on clinching the deal to manage part of the National Social Securities Fund (NSSF) billions of shillings.

The fund, a wholly-owned subsidiary of the Co-operative Bank of Kenya, saw assets under management grow from Sh121.61 billion in 2020, making it the largest locally-owned fund management firm in Kenya.