Nairobi based stock brokerage firms AIB Capital and Apex Africa Capital have announced the completion of their previously announced merger.

The two entities have now fully merged their respective Stockbroking, Bond Trading, Derivatives, Research and Corporate Finance activities and will trade as AIB-AXYS Africa.

AIB-AXYS Africa will now form part of AXYS Group which is based in Mauritius with subsidiaries in Switzerland, UAE and Hong Kong. The group has more than two decades of specialist experience in Financial services. Its core services comprise of: Asset Management, Wealth Management, Corporate Finance, Brokerage, Corporate Services and Asset financing & Deposit taking.