Gemcorp Capital has launched Kassai, a new domestic asset manager in Angola and the appointment of Walter da Cruz Pacheco as its Chief Executive Officer (CEO).

Atanas Bostandjiev, CEO of Gemcorp Group, said: “Kassai will complement and strengthen the longstanding work of Gemcorp Angola, which has already made a significant contribution to the country’s social and economic development."

"In Walter Pacheco we have a CEO, who brings vast experience and local knowledge. We are confident that Kassai will become a key player in Angola’s asset management sector, driving the sustainable development of the national economy”

Kassai was created by Gemcorp to mobilize national and international resources to finance the exciting growth of the Angolan economy.

Kassai intends to invest in assets, projects, and strategic opportunities in Angola, improving capital markets and meeting the need for capital to support its growth.

After obtaining registration with the Capital Market Commission (CMC), Kassai is now positioned to play a fundamental role in boosting the Angolan financial sector.

To support this new ambition, Kassai has appointed Walter Pacheco, a professional with extensive experience in the national financial sector.

Walter previously held leadership positions at Bodiva Angola, where they were a key figure in the development of the Angolan capital market.

The appointment of Walter Pacheco and the launch of Kassai mark an important step in the consolidation of Gemcorp Group's strategy in Angola, bringing experienced leadership and innovative vision capable of solidifying this new company as a relevant operator in the country’s capital markets.

“I am very excited about the prospect of leading Kassai. This new venture represents a significant milestone for Gemcorp in Angola and a positive development for future investments in our country,” said Walter Pacheco.