Francis Drummond and Company Limited (FD) is a specialized stock brokerage service provider. The company is a private limited liability company incorporated in accordance with the Companies Act in Kenya and is licensed to trade by the Capital Markets Authority.
FD is a pioneer Member of the Nairobi Securities Exchange and has been in existence since 1949, hence the reference “Broker No. 1”.
The firm is a Member of the Kenya Association of Stockbrokers and Investment Banks (KASIB), a trading participant at Nairobi Securities Exchange (NSE) and an authorised agent of the Central Depository & Settlement Corporation Limited (CDSC).
FD has established a solid reputation as a trusted, dependable and innovative investment partner. It has played a leading role in the development of the capital market in Kenya and the wider East African region through projects such as:
- Establishment of the Nairobi Securities Exchange.
- Co-sponsoring broker for the Uchumi Supermarket rights issue and the Nairobi Securities Exchange (NSE) initial public offering (IPO).
- Establishment of the Dar es Salaam Stock Exchange
- Syndication in local projects such as Longonot Place
In 1996 the FD Chairman, Mr. Ndung’u Gathinji became a Board member of the NSE and eventually rose to become its Chairman during the period 2003 to 2005. He has also been the pioneer and long serving Secretary of the African Stock Exchanges Association (ASEA) and eventually its Chairman during the period 2004 to 2005.
The Company pioneered on-line trading in the country and maintains a wide network of strategic partners namely; Tanzania Securities Ltd in Tanzania, Crested Stocks and Securities Limited in Uganda, Legae Securities in South Africa, Smith & Williamson in London and the USA to enable it offer its clients a wide range of investment opportunities.
FD also pioneered the market for the Diaspora segment through its on-¬line trading service and as a result, Kenyans and foreigners abroad wishing to participate in the Kenyan capital market choose FD as their first port of call.
The Company has continued to perform consistently well in the secondary market and has established itself as a reputable player in the industry.