CIC Asset Management Ltd (CICAM) was incorporated in 2007 and was licensed as a fund manager by the Capital Markets Authority, Kenya in June 2009. In 2013, CICAM was licensed by the Retirement Benefits Authority, Kenya pursuant to fulfilling the mandatory statutory, operational capacity and relevant professional expertise as prescribed under the Act.
The Company has remained a key player in the investment space and continues to record exemplary performance. It is by virtue of this performance that the company share capital base was increased from Ksh. 11 Million to Ksh. 311 Million by way of capital injection in 2011 by CIC Insurance Group Ltd to support and sustain future growth.
CIC Asset Management Ltd (CICAM) has specialized in the management of investment portfolios for pension fund schemes, collective investment schemes and private clients. She is a market leader in this space commanding an impressive 41.41% of market share in the collective investment space as of September 2021.