Who holds and safeguards Vertex International Securities's funds, how its board is appointed, and how conflicts of interest are disclosed. These facts apply across every fund Vertex International Securities runs.

Trustee / Custodian

National Bank of Commerce Limited (NBC Limited)

The oldest serving bank in Tanzania, with over five decades of banking experience across retail, business, treasury, corporate, investment banking, and wealth management. A limited liability company incorporated under the NBC (1997) Limited Incorporation Act, 1997, on 23 September 1997 (Registration Number: 32700). Authorized share capital of TZS 50,000,000,000 (5,000,000 ordinary shares of TZS 10,000 each); paid-up capital of 1,570,000 ordinary shares of TZS 10,000 each. The VIS-ETF prospectus additionally states a custodial licence number, CS.0008, issued 1 June 2023 -- this licence number does not appear anywhere in the Bond Fund prospectus, which is otherwise identically worded on NBC's background.

Board

Private company board (contrast UTT's ministerially-appointed government board). As at 31 December 2024, Vertex is owned 50/50 by Nazir Karamagi and Peter Machunde (400,000 shares, TZS 400,000,000, split evenly). The Board of Directors -- Peter Machunde (Chairman), Mateja Mgeta, Frank Abel, Frank Kakwezi, and Ahmed Nganya -- doubles as the same five-person slate named as 'Directors of the Fund Manager' in both offer documents (the ETF document additionally lists Mr. Machunde under the surname 'Sospeter Machunde' in its own Directors table, apparently the same person as 'Peter Machunde' elsewhere).

Auditor

Philip and Co., Certified Public Accountants (NIC Life House, Sokoine Drive/Ohio Street, P.O. Box 12884, Dar es Salaam, Tanzania)

Legal advisor

TRIAD LAW CHAMBERS (Rita Tower, 12th Floor, Makunganya/Simu Street, P.O. Box 72484, Dar es Salaam) per the Bond Fund prospectus

Registrar

Vertex International Securities Limited (self-registrar, named 'Registrar & Transfer Agent' in the Bond Fund's Corporate Directory)

Regulator

Bank of Tanzania (BoT) and Capital Markets and Securities Authority (CMSA). Capital markets operations (stockbroking, fund management, investment advisory) are regulated by CMSA under License No. D 0006.

Ownership

private

Reviewed 2026-09-01.