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UG Standard - Latest News
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New wealth, investment management firm launches in Uganda

by WINNIE NAKAMATTE | REPORTER
12/12/2024
in Business
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Henry Ariganyira Musasizi, Minister of State for Finance, Planning and Economic Development presided over the launch in Kampala.
Henry Ariganyira Musasizi, Minister of State for Finance, Planning and Economic Development presided over the launch in Kampala.

Cornerstone Asset Managers, a new investment management firm, has officially launched its operations in Uganda. The launch was presided over by Henry Ariganyira Musasizi, Minister of State for Finance, Planning and Economic Development, in Kampala.

Mr. Musasizi described the launch as a “daring advancement” in enabling Ugandans to safeguard their financial futures. “Cornerstone’s wealth management services and Unit Trust Funds represent a daring advancement in enabling Ugandans to safeguard their financial destinies,” he said.

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The introduction of wealth management solutions and Unit Trusts is expected to expand financial possibilities and democratize access to investment opportunities. According to Cornerstone Asset Managers, the services will provide Ugandans with a range of investment options.

Uganda is reaching a watershed moment in its economic development, with a young population, lively entrepreneurial spirit, and expanding middle class providing enormous opportunities for growth.

In a speech at the launch, Michael Opira, Board Chair of Cornerstone Asset Managers, said the firm is committed to providing bespoke investment solutions and professional strategies to its clients.

“Cornerstone is more than just an investment management company,” Mr. Opira said. “We are dedicated partners who assist individuals, institutions, and corporations achieve their financial goals.”

The firm, which is licensed by the Capital Markets Authority of Uganda (CMA), aims to contribute to the African Renaissance by allowing more people to enjoy actual financial well-being.

Mr. Opira said Cornerstone’s mission is to provide long-term growth and sustainable value to its clients. “We consider excellence to be a commitment rather than a goal,” he said.

Incorporated in Uganda and licensed by the Capital Markets Authority of Uganda (CMA), Cornerstone Asset Managers is set to revolutionize the wealth management landscape in the country.

Michael Opira, Board Chair of Cornerstone Asset Managers,
Michael Opira, Board Chair of Cornerstone Asset Managers,

With a mission to deliver unparalleled investment excellence, the firm aims to empower individuals, institutions, and corporations to achieve sustainable financial growth.

The firm’s investment solutions include classic asset classes and emerging investment options. Mr. Opira said Cornerstone’s team works closely with a network of local and international consultants to ensure that clients receive innovative solutions tailored to their specific needs.

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Tags: Africaasset management.Cornerstone Asset Managerseconomic growthFinancial inclusionFinancial Servicesinvestment managementUgandawealth management

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