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Part OF I&M GROUP PLC

Welcome to I&M Capital Limited

Your Trusted Wealth Management Partner

We believe wealth management is more than investing. It's about understanding your goals, aligning your resources, and building a long-term strategy that grows, protects, and preserves your wealth to secure your financial future.

Who We Are

I&M Capital is a fully owned subsidiary of I&M Group PLC and licensed by the Capital Markets Authority of Kenya as a fund manager in 2021 and the Capital Markets Authority, Uganda in November 2025.

We are dedicated to helping individuals, institutions, and businesses achieve their financial goals through professional wealth management and tailored investment solutions. Our experienced team combines market expertise, rigorous research, and disciplined risk management to deliver sustainable long-term value for our clients.

LICENSED
CMA Kenya 2021 & CMA Uganda 2025
OPERATIONS
Kenya & Uganda
Parent Group
I&M Group PLC
Focus
Wealth Management, Advisory Services

Our Story

The financial markets present both opportunities and challenges. Recognising the need for a professional investment partner capable of delivering disciplined and transparent investment management, I&M Capital Limited was founded with a clear vision, to provide world-class wealth management services built on integrity, expertise, and client success.

Since inception, we have remained committed to developing investment solutions that help clients grow and preserve their wealth across changing market conditions. Our growth has been driven by strong client relationships, consistent performance, and a culture of continuous learning and innovation.

Over the years, we have expanded our capabilities and our presence into Uganda, diversified our investment offerings, and strengthened our risk management frameworks to meet the evolving needs of investors in local and global markets.

While financial markets continue to evolve, our purpose remains unchanged; helping our clients achieve financial security and long-term prosperity.

Board of Directors

A snapshot of the directors shaping strategic oversight and governance.

Mr. Daniel Ndonye

Mr. Daniel Ndonye

Board Chair

Mr. Daniel Ndonye is a chartered accountant by profession, having worked with Deloitte & Touche for over 30 years, 20 of which he was the Managing/ Senior Partner. He is a fellow of the Institute of Chartered Accountants in England and Wales, the Institute of Certified Public Accountants of Kenya and the Institute of Certified Secretaries of Kenya. He has a broad range experience at Board level and sits on the boards of several companies including Kakuzi Plc and APA Insurance.
Mr. Peter Anderson

Mr. Peter Anderson

Independent Director

Mr. Peter Anderson is a seasoned investment professional with over two decades of experience in asset management and financial markets in East Africa. He previously held senior roles within the Old Mutual Group, including Group Managing Director – Asset Management at UAP Old Mutual, where he provided strategic leadership across the firm’s regional investment operations, and earlier served as Chief Investment Officer and General Manager – Asset Management. Mr. Anderson is a Chartered Financial Analyst® and holds a Diploma from the Securities Institute Diploma (UK), Securities Institute Registered Persons Examination (UK) and a BA (Hons) Economics Studies & MA Development Economics, from University of Leeds, England.
Arun S. Mathur

Arun S. Mathur

Independent Director

Mr. Arun S. Mathur is a highly experienced banking professional with over five decades of leadership experience across India, the Middle East, and East Africa. He joined I&M Bank in 2000 as Deputy Chief Executive and served as Chief Executive Officer from 2002 to 2016, during which period he played a pivotal role in the Bank’s growth and regional expansion. He began his career with the State Bank of India in 1976 and subsequently held senior roles at ANZ Grindlays Bank, Commercial Bank of Africa and Diamond Trust Bank before joining I&M Bank. Mr. Mathur has also served on the boards of several entities including I&M Group entities and currently serves on the boards of I&M Burbidge Capital, I&M Capital Limited and I&M Realty Limited including its subsidiary in Tanzania. Mr. Mathur holds a Bachelors of Tech in Metallurgical Engineering and a Diploma in Statistical Methods from Banaras Hindu University (BHU), Varanasi, India and undertook the Executive Program, Risk Management in Banking, INSEAD, Fontainebleau, France.
Ms. Gauri Gupta

Ms. Gauri Gupta

Non-Executive Director

Ms. Gupta holds a Bachelor of Commerce (B.Com), is a Chartered Accountant with the Institute of Chartered Accountants of India and is a certified International M&A expert accredited by the Institute for Mergers, Acquisitions and Alliances (IMAA). Bringing nearly 30 years of extensive experience in the banking and financial services sector, her expertise spans Credit, Risk Management, Finance, Product Development, Strategic Planning, Corporate Governance, and Sustainability. Currently Group Director – Corporate Advisory & Sustainability at I&M Bank Group, she leads key strategic initiatives, including regional expansion and investor relations. Ms. Gupta also serves as a Non-Executive Director on several Group boards, including I&M Burbidge Capital Limited, and Giro SEZ Limited.
Mr. L. Sivaramakrishnan

Mr. L. Sivaramakrishnan

Non-Executive Director

Mr. L. A. Sivaramakrishnan is an experienced banking professional with over four decades of experience across India and East Africa. He has been with I&M Group since 2003 and currently serves as a Senior Director, Group Business Development, where he is responsible for driving business growth and strategic development across the Group. He has previously held senior leadership roles within the Bank, including General Manager – Corporate Banking and Divisional Head – Business Development, and is a member of key management committees at both Bank and Group level. He serves on the boards of various entities within the I&M Group, including I&M Capital Limited, I&M Bancassurance Intermediary Limited and I&M Bank Uganda, and has previously served as a director of Bank One Limited, Mauritius. Mr. Sivaramakrishnan holds a postgraduate degree in Agriculture with specialisation in Horticulture and is a Certified Associate of the Indian Institute of Bankers (CAIIB).
Ms. Stella Gacharia-Kariuki

Ms. Stella Gacharia-Kariuki

Company Secretary

Ms. Gacharia is an accomplished governance professional with extensive experience in company secretarial practice, regulatory compliance, legal and board advisory across the financial services sector. She serves as Company Secretary within the I&M Group including I&M Capital Limited. Prior to joining I&M Group, she was the Head, Legal & Statutory Compliance in Equity Bank and the Deputy Company Secretary, Legal Counsel & Ag. Company Secretary before that at the then Barclays Bank of Kenya (now Absa Bank Kenya). Ms. Gacharia holds a Master of Business Administration (MBA) from University of Leicester, a Post Graduate Diploma in Law from the Kenya School of Law and a Bachelor of Laws degree (LL.B) from University of Nairobi. She is an Advocate of the High Court of Kenya, a Certified Public Secretary CPS (K), a Certified Governance Auditor and a member of the Institute of Certified Secretaries and the Law Society of Kenya.

Our People

The team delivering tailored investment, advisory, and wealth management solutions.

Mr. Silas Ngumi Mutuku

Mr. Silas Ngumi Mutuku

Chief Executive Officer

Mr. Silas Mutuku was appointed Chief Executive Officer of I&M Capital Limited in May 2021. He is an accomplished investment banker with more than 33 years of experience across both domestic and global financial markets. Before assuming his current position, he served as Head of Custody and Investment Services at I&M Bank Kenya from 2016 to 2021. He began his banking career in August 1993 at Barclays Bank of Kenya (now ABSA) where he served extensively holding senior leadership positions at Barclaytrust Investments Services and Barclays Securities Services Kenya and Africa Region. Prior to joining I&M Bank, he served as Africa Regional Head of Operations at Standard Chartered Securities services from 2010 to 2015. He holds professional investment certifications from the Securities and Investment Institute in London and is a Chartered Member of the Chartered Institute of Securities and Investments.
Mr. Sameer Subhash Raja

Mr. Sameer Subhash Raja

Head of Investment Advisory

Mr. Sameer Subhash Raja joined I&M Capital Limited as Senior Manager, Investment Advisor in April 2021 and progressed to his current role as Head of Advisory in April 2026. He is a seasoned investment professional extensive experience spanning over 15 years of in securities, wealth management, and financial advisory with deep expertise in portfolio management, client advisory, and investment strategy. Prior to joining I&M Capital Limited, he held senior roles at Standard Chartered Bank Kenya and Dry Associates Investment Group. He holds a BBA (Honours) in Business Administration with Marketing from the University of Kent, UK, and professional certifications from the Chartered Institute for Securities & Investment (CIS).
Mr. Fredrick Omondi Oruka

Mr. Fredrick Omondi Oruka

Senior Manager – Investment Advisor

Mr. Fredrick Omondi Oruka joined I&M Capital Limited as Manager, Investment Advisor in June 2024 and progressed to his current role as Senior Manager, Investment Advisor in April 2026. He has extensive experience in wealth management and Premier banking. He previously served as a Relationship Manager, Premier Banking at ABSA Bank between March 2022 to May 2024 and NCBA Bank from March 2021 to February 2022, where he managed high-net-worth and affluent client portfolios. Fredrick holds a Bachelor of Science degree in Statistics and Computer Science and is CISI Level 1 and Level 2 qualified, complemented by certifications in Data Analysis and Insurance Proficiency.
Quentin Afande

Quentin Afande

Senior Manager - Investment Advisor

Mr. Quentin Afande joined I&M Capital in April 2026 as Senior Manager – Investment Advisor. He brings more than a decade of experience in the financial services industry, with extensive expertise in investment advisory, wealth management, relationship management, financial planning, and risk assessment. Prior to joining I&M Capital, he built extensive experience in client relationship and wealth management serving as Senior Relationship Manager, Premier Banking at NCBA Bank (October 2023–February 2026), Relationship Manager, Ultimate Banking at HFC Bank (April 2022–October 2023), and Relationship Manager, Priority and International Banking at Standard Chartered Bank (June 2016–October 2018). He holds a Bachelor of Arts Degree in Economics and Social Studies as well as Chartered Institute of Securities and Investment qualification.
Brian Omwaka Afubwa

Brian Omwaka Afubwa

Assistant Manager – Investment Advisor

Mr. Brian Omwaka Afubwa joined I&M Capital Limited as Assistant Manager, Investment Advisor in January 2026. He has extensive experience in wealth management, retail investments and Premier Banking. He previously served as a Retail Investment Advisor, Wealth Management at NCBA Investment Bank between June 2021 to December 2025 where he managed high-net-worth and affluent client portfolios. Brian holds a Bachelor of Arts in Economics and is certified at Levels 1 and 2 in CISI, CIFA, and CPA. He also holds additional certifications in Corporate Finance & Valuation Financial Modelling, Model Review & Audit and Report Writing.
Keshvi Haria

Keshvi Haria

Investment Advisor

Ms Keshvi Haria joined I&M Capital in May 2026 as Assistant Manager, Investment Advisor. She brings over seven years of experience in hedge funds and asset management, with particular expertise in European and emerging markets fixed income. Throughout her career, she has held roles spanning treasury, trading, and operations, working at the intersection of global markets, risk management, and trade execution. Prior to joining I&M Capital, Ms. Keshvi served as a Research Analyst at Dry Associates Investment Bank, where she specialized in investment research and market analysis. She began her career in London’s financial sector, holding positions at MUFG Securities Limited (2018–2020), Finisterre Capital LLP (2020–2022), and Tresidor Investment Management LLP (2022–2025), gaining extensive experience across diverse investment and capital market environments. Ms. Keshvi holds a Bachelor of Science degree in Biochemistry.
Ms. Jenipher Atieno Ongoma

Ms. Jenipher Atieno Ongoma

Manager – Wealth Management Operations

Ms. Jenipher Atieno Ongoma joined I&M Capital Limited as Manager, Wealth Management Operations in 2025. Prior to joining I&M Capital, she worked for I&M Bank Kenya from the year 2010 where she served extensively until 2025 holding various positions in operations from Branch Teller, Back Office Supervisor and Cash Officer. Jenipher holds a BA in Economics (University of Nairobi), CPA (II) from KCA and is certified by the Chartered Institute for Securities and Investment (CISI)
Carolyn Mwangi

Carolyn Mwangi

Assistant Manager – Client Experience

Ms Carolyn Mwangi joined I&M Capital in June 2021 as a Senior Associate. After serving in that capacity until 2025, she assumed the position of Assistant Manager, Client Experience, where she leads initiatives aimed at improving client engagement and elevating service excellence. She has over 15 years of professional experience in banking, customer service, client relationship management and human resources. She joined I&M Bank in November 2011 as a Customer Service Executive in Premium Banking. Prior to joining I&M Bank, she served in human resource leadership roles at Endeavour Africa Limited from November 2010 to November 2011 and Cementers Limited from April 2008 to July 2010. She holds a degree in Business Administration and Human Resources and Level 1 CISI certification.
Joshua Chege

Joshua Chege

Asst. Manager, Risk and Compliance

Joshua Chege joined I&M Capital Limited in June 2024 as Assistant Manager, Risk and Compliance. He has extensive experience in financial services across banking, insurance, and investments. Previously, he served at Madison Group Limited (2017–2024) in Risk and Compliance, with responsibility for Risk Management, Regulatory Compliance, Processes & Internal Controls, and AML/CFT review and reporting. He began his career at Barclays Bank of Kenya (now Absa Bank Kenya) in 2007. Joshua holds an MBA (Finance) from the University of Nairobi and a Bachelor of Commerce (Finance) from Kenyatta University. He is a CPA(K), holds CISI and IRM certifications, and is a member of IRM, IIA, and ICPAK.

Our Core Values

Integrity

We are truthful, ethical and committed to doing the right thing.

Trust

We believe in, count on and rely on each other to deliver consistently and walk the talk.

Respect

We value everyone and treat them with respect and fairness.

Innovation

We are creative, bold and embrace doing things differently, with our customers in mind.

Courage

We speak up, hold each other to account and challenge each other to constantly improve.

"Our purpose remains unchanged, helping clients achieve financial security and long-term prosperity."

Our Services

Wealth Management

We offer comprehensive financial planning and wealth preservation strategies for individuals, families and businesses.

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    Portfolio Optimisation

    We select and allocate investments to achieve the best possible balance between risk and return based on your objectives, risk tolerance, and investment horizon.

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    Investment Management

    We design and manage investment funds that align with different risk profiles, financial objectives, and investment horizons.

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    Financial Planning

    Creating a roadmap to achieve financial goals, including education funding, home ownership, and wealth accumulation.

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    Retirement Planning

    Helping clients build sufficient assets to maintain their desired lifestyle after retirement.

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    Estate & Succession Planning

    Assist with ensuring wealth is transferred efficiently to future generations or beneficiaries according to the client’s wishes.

Advisory Services

Expert market insights, investment research, and strategic financial guidance to support informed decision-making about wealth, investments, financial goals, and overall financial strategy.

Personalised strategies for every financial goal

Our Solutions

We help you grow and preserve your wealth across changing market conditions with a range of carefully designed investment options.

I&M Capital Wealth Fund

I&M Capital Wealth Fund

I&M Capital Wealth Fund is a low risk open-ended Kenyan Shillings money market fund that invests in short term fixed income securities.

I&M Capital Wealth Fund
I&M Capital Bond Plus Fund

I&M Capital Bond Plus Fund

Invest in a diversified portfolio of bonds, including treasury bonds, corporate bonds, and other fixed-income securities and minimize the risks associated with direct bond investments while providing for liquidity needs.

I&M Capital Bond Plus Fund
I&M Capital US Dollar Fixed Income Fund

I&M Capital US Dollar Fixed Income Fund

Diversify your unit trust investments into United States Dollars (USD) and generate a competitive and attractive level of regular income from a minimum of USD 1,000.

I&M Capital US Dollar Fixed Income Fund
I&M Capital Special GBP Fixed Income Fund

I&M Capital Special GBP Fixed Income Fund

A sterling-based unit trust offering a diversified portfolio of fixed income exposure and regular income opportunities from £10,000.

I&M Capital Special GBP Fixed Income Fund
Global Equities

Global Equities

Global equities are shares of companies traded in stock markets around the world, including both domestic and foreign companies.

Global Equities
Mutual Funds

Mutual Funds

A mutual fund is a collective investment scheme that pools money from many investors and invests it in a diversified portfolio of securities such as stocks, bonds, and money market instruments

Mutual Funds
Eurobonds

Eurobonds

Invest in Kenyan sovereign bonds (Eurobonds) and get attractive returns in United States Dollars (USD).

Eurobonds
ETFs & Index Funds

ETFs & Index Funds

An Exchange-Traded Fund (ETF) is an investment fund that holds a basket of assets such as stocks, bonds, or commodities and is traded on a stock exchange like an ordinary share.

ETFs & Index Funds
U.S. Treasuries

U.S. Treasuries

U.S. Treasuries are low-risk debt securities issued by the United States Department of the Treasury to finance government spending and operations.

U.S. Treasuries
Corporate Bonds

Corporate Bonds

Offshore corporate bonds are debt securities issued by companies in a foreign country or international market, usually denominated in a currency different from the issuer’s home currency.

Corporate Bonds

Why Choose I&M Capital?

Experienced Professionals

Our Investment Advisors bring extensive expertise in financial markets, portfolio construction, and risk management.

Client-Centric Approach

We prioritise understanding each client's unique objectives and tailoring investment solutions accordingly.

Long-Term Partnerships

We focus on building enduring relationships based on trust, transparency, and mutual success.

Innovative Thinking

We stay ahead of industry trends and technological advancements to provide forward-looking solutions.

Transparency

We maintain clear communication, regular reporting, and full disclosure of all investment activities.

Strong Governance

Our operations are supported by robust compliance frameworks and industry-leading best practices.

Built on Strong Foundations

At I&M Capital, strong governance forms the foundation of our operations. We are committed to transparency, accountability, and ethical conduct throughout our organisation.

Corporate Governance

We believe that effective governance strengthens stakeholder confidence and supports long-term success. Our governance framework includes:

  • Clear policies and procedures
  • Regulatory compliance
  • Risk management systems
  • Internal controls
  • Ethical business practices
  • Data protection and confidentiality measures

Our Commitment to Excellence

Our commitment extends beyond delivering solutions and services. We aim to become a trusted wealth management partner who contributes to our clients' success and growth. We achieve this by:

  • Listening carefully to client needs
  • Delivering customised solutions
  • Maintaining open communication
  • Continuously improving our services
  • Investing in our people and technology
  • Upholding the highest ethical standards

Disclaimer

Investments are subject to market risks, and past performance is not necessarily indicative of future results. Investors should carefully consider their investment objectives and risk appetite before making investment decisions.

The information contained herein is for general information purposes and does not constitute investment advice, a recommendation or an offer to buy or sell any financial solutions or services.