Old Mutual Investment Group Uganda has won the Market Development Excellence Award in Collective Investment Schemes at the annual Capital Markets Awards, the Capital Markets Authority of Uganda said. The company was also named second runner-up in the Longevity and Commitment to Uganda's Capital Market category. The awards were presented as the CMA marked 30 years of regulating and developing Uganda's capital markets, with recognition highlighting the role of market participants in mobilising savings, expanding investment opportunities and promoting broader participation in the financial system.
According to the CMA, assets under management in collective investment schemes had reached 7.06 trillion shillings as of September, reflecting the growing role of professionally managed investments in mobilising savings in Uganda. Through its collective investment schemes, OMIG provides individual investors with access to professionally managed investment portfolios across Money Market, Balanced, Umbrella and Dollar Funds. The company also serves institutional investors through investment management services and participates in the broader capital markets through securities brokerage, dealing and investment advisory services.
OMIG Managing Director Zac Kisesi said the awards reflected the company's efforts to broaden access to investment opportunities and contribute to the development of the country's capital markets. "These awards reflect the work our teams have put into mobilising savings, widening access to investment opportunities and contributing to the growth of Uganda's capital markets," Kisesi said in a statement. He added that the company would continue working to expand investor participation, strengthen its investment capabilities and contribute to the development of Uganda's investment landscape.
OMIG is developing its private wealth offering, with a focus on providing tailored investment solutions aligned with clients' individual financial goals and long-term wealth objectives, and is expanding into alternative investments to broaden the range of opportunities through which capital can be deployed. The company said these developments are intended to respond to changing investor needs, diversify investment opportunities and contribute to the continued growth and sophistication of Uganda's capital markets. OMIG participated in the Capital Markets Symposium, held under the theme "Reimagining Uganda's Capital Markets for a Sustainable Future," which brought together market participants and stakeholders to assess the progress of Uganda's capital markets and explore opportunities to deepen participation and support sustainable growth.