Your Vision, our insight into the future

Transcription

1 4 th floor, Rehani House, Kenyatta Ave./Koinange St., P.O.Box 43676,Nairobi, 00100, Kenya. Tel: / / , Fax: /250553, Your Vision, our insight into the future COMPANY PROFILE INVESTMENT BANKING, SECURITIES BROKING & CORPORATE FINANCE Directors : Azim Virjee (Chairman), Kassim Bharadia (Managing Director) Apexafrica Investment Bank Limited is a non-deposit taking institution licensed by the Capital Markets Authority

2 Company Profile TABLE OF CONTENTS PAGE NO 1. INTRODUCTION 2 ABOUT US 2 OUR VISION 2 OUR PHILOSOPHY 2 2. PRODUCTS & SERVICES 3 3. MAJOR CLIENTS 4 4. MARKET RANKINGS 5 5. KEY ACHIEVEMENTS 6 6. OUR TEAM 9 1

3 1. INTRODUCTION About Us Apex Africa Investment Bank Limited (Apex) is a non-deposit taking institution licensed by the Capital Market Authority and is a Member of the Nairobi Stock Exchange, licensed since We have been one of the most active brokers, maintaining turnover figures that list us among the top 5 brokers. Our Vision To Provide A Stable Platform For Investors, Allowing Our Clients The Peace Of Mind to Make Best Use Of The Many Investment Opportunities On The Nairobi Stock Exchange. Our Philosophy Our clients are the core of our business and we specialize in ensuring that we exceed the expectations they have of us by providing a personalized service and concentrating on the base of corporate and high value clients that we are best at servicing, through our history of stability, our risk minimization planning & our emphasis on personalized service. We top this off with impartial advice where it is required, based on our longstanding local knowledge of the market & supported by the history of our success. 2

4 2. PRODUCTS AND SERVICES As a fully-fledged investment bank, we are licensed to operate as brokers, investment managers and we can also organize corporate finance. Chief Executive ApexAfrica Investment Bank Securities Broking Research Investment Management Corporate Finance Finance & Administration Risk Management & Compliance Fixed Income Securities Equities 3

5 3. MAJOR CLIENTS Having a large base of loyal clients ensures we have the capability to execute most buy and sell trades when they are required. Our clientele includes leading fund managers, retirement schemes, insurance schemes, high net worth individuals and some retails clients. Some of our major clients include: National Social Security Fund Old Mutual Assets Managers Ltd AIG Asset Management Ltd Genesis-Kenya Investment Management Ltd Co-op Trust Investment Ltd Kenindia Assurance Company Ltd Jubilee Insurance Company Ltd CFC Financial Services Ltd Apollo Insurance Company Ltd Cannon Insurance Company Ltd Trident Insurance Company Ltd Fidelity Shield Insurance Company Ltd Kenya Commercial Bank Ltd Freight Forwarders Kenya Ltd 4

6 4. MARKET RANKINGS We are consistently among the highest ranked investment banks at the Nairobi Stock Exchange by Market Turnover. Our Turnover figures and Market share for the last 6 years are as follows: YEAR TURNOVER Market Share (KShs.billions) % % % % % % In 2007, we were ranked 1 st overall in Market Turnover. 5

7 5. KEY ACHIEVEMENTS The following is a summary of the key achievements of Apex: We were sponsoring broker for the rights issue by KENYA ORCHARDS LIMITED We acted as Co-sponsoring broker for the sale of 30 million HFCK shares by the Government of Kenya Further, we acted as a participating broker in the following: March 1996 April 1996 March 1996 Public issue of 8 million shares of REA VIPINGO LIMITED Public issue of 235 million shares of KENYA AIRWAYS Public issue of 40 million shares of NATIONAL BANK OF KENYA LIMITED September 1996 Public issue of 11.9 million shares of KENYA COMMERCIAL BANK LIMITED March 1997 July 1997 April 1998 Public issue of 12.9 million shares of TOURISM PROMOTION SERVICES Public issue of 23 million shares of ATHI RIVER MINING COMPANY Public issue of 28 million shares of KENYA COMMERCIAL BANK LIMITED November 1998 Rights issue of 9.4 million shares of I.C.D.C INVESTMENTS January 2000 Rights issue of 24 million shares of PAN AFRICA INSURANCE COMPANY LTD 6

8 February 2000 Public issue of 4 million shares of AFRICAN LAKES CORPORATION September 2001 Public issue of 300 million shares of MUMIAS SUGAR COMPANY December 2001 Rights issue of 6 million shares of KENYA ORCHARDS LIMITED December 2001 Rights issue of 52.2 million shares of STANDARD GROUP LIMITED December 2001 Rights issue of 69.7 million shares of TOTAL KENYA LIMITED December 2003 Rights issue of 38.4 million shares of EXPRESS KENYA June 2004 October 2005 October 2005 Rights issue of 50 million shares of KENYA COMMERCIAL BANK LIMITED Rights issue of 12 million shares of CFC BANK LIMITED Rights issue of 12 million shares of UCHUMI December 2005 Rights issue of 9 million shares of TPS EASTERN AFRICA LIMITED March 2006 July 2006 July 2006 Public issue of million shares of KENYA ELECTRICITY GENERATING COMPANY LIMITED Public offer of 90.5 million shares of EQUITY BANK LIMITED Public offer of 60 million shares of SCANGROUP LIMITED November 2006 Public offer of 63 million shares of EVEREADY (EA) LIMITED 7

9 November 2006 Rights issue of 15.5 million shares of DIAMOND TRUST BANK (K) LIMITED December 2006 Public offer of 91.9 million shares of MUMIAS SUGAR COMPANY LIMITED April 2007 July 2007 Public offer of 80 million shares of ACCESSKENYA GROUP LIMITED Public offer of 240 million shares of KENYA REINSURANCE CORPORATION LIMITED September 2007 Rights issue of 30 million shares of OLYMPIA CAPITAL HOLDINGS LIMITED October 2007 October 2007 Mar/April 2008 Rights issue of 16.4 million shares of NATIONAL INDUSTRIAL CREDIT BANK LIMITED Rights issue of 23.2 million shares of DIAMOND TRUST BANK (K) LIMITED Public Offer of 10 billion shares of SAFARICOM May/June 2008 Rights issue of 115 million shares of HFCK June/July 2008 Rights issue of 221 million shares of KCB October/Nov Public offer of 701 million shares of CO-OPERATIVE BANK OF KENYA LTD 8

10 6. OUR TEAM We believe in the strength of maintaining a trim & highly efficient team that concentrates the required diversification to ensure that all the bases in running a successful investment bank are well covered. We invest in the training of our team to ensure that it works to international standards. 5.1 BOARD OF DIRECTORS Azim Virjee - Chairman Mr. Virjee is a Fellow of the Association of Chartered Certified Accountants (FCCA), a member of the Institute of Certified Public Accountants of Kenya (ICPA (K)) and the Institute of Certified Public Secretaries of Kenya (CPS (K)). He is also a member of the Chartered Institute of Arbitrators and a member of Kenya Institute of Management (KIM). He was a senior partner with KLSA Pannell Kerr Forster, Certified Public Accountants, where he headed the Taxation and Management Consultancy division of the Firm. Having been in practice for over 30 years, Mr. Virjee has acquired extensive experience in areas of financial and business advisory and company secretarial work. He has been involved as a financial advisor to various mergers, acquisitions and take-over of foreign companies by local investors. He also serves on boards of various corporate and non-profit organizations including being the Chairman of the Aga Khan Health Services Kenya. 9

11 5.1.2 Kassim Bharadia - Chief Executive Mr. Bharadia has a degree in Bachelor of Commerce (Accounting and Auditing) and is a Fellow of the Association of Chartered Certified Accountants (FCCA), a member of the Institute of Certified Public Accountants of Kenya (ICPA (K)) and the Institute of Certified Public Secretaries of Kenya (CPS (K)). He is a founder member of the Association of Financial Analysts of Kenya (AFA). He has over 30 years experience, which spans the sectors of commerce and public practice. He has acquired extensive experience in the Capital Markets in Kenya and has been responsible for setting up Apex and making it one of the leading stockbrokers in Kenya. He has been instrumental in projects where Apex has acted as the sponsoring, co-sponsoring or participating broker for various public issues of shares and rights issues by listed companies in Kenya. Mr. Bharadia has served as a Director of the following companies & Institutions: Nairobi Stock Exchange National Bank of Kenya Limited Fidelity Shield Insurance Company Limited. 10

12 5.2 MANAGEMENT Associate Director: General Manager Finance & Administration Mr. Ashraf Dawood has over 20 years experience at managerial level in various companies and is in-charge of Marketing and Administration Associate Director: Head, Business Development Mr. Brian Muchiri has over 10 years experience in Securities Trading and Investment Management having worked in major institutions namely Old Mutual Asset Managers, Renaissance Capital and Equity Bank. He is instrumental in developing and maintaining business relationships with our local and international clients in Equities and Fixed Income as well as the development of new business products Associate Director: Head, Operations Mr. Prabhat Chavda has been in the stock broking business for over 30 years. He has been instrumental in projects where Apex has acted as the sponsoring, co-sponsoring or participating broker for various public and rights issues by listed companies in Kenya Head, Research & Investment Analysis: Mr. Victor Odendo holds a Bachelors Degree in International Business Administration and is pursuing an MBA Finance. He has extensive experience in the Capital Markets in Kenya spanning over 6 years having worked in major reputable institutions including Kestrel Capital, ICEA Asset Management and Stanbic Investments Financial Controller: Mr. Yusuf Kadernani has experience in audit and assurance, internal audit and taxation that spans over 20 years. He is well experienced in liaising with Kenya Revenue Authority (KRA), dealing with technical issues, handling financial forensic investigations and routine tax work. 11

13 5.2.6 Head, Compliance, Risk Management Mr. Munawer Abud has over 14 years experience in the fields of Finance and Insurance and is in charge of Compliance. Ms. Regina Mwau is a fully qualified CPA (K) and has over 5 years experience Senior Manager: Projects Ms. Ann Njuguna is a chartered accountant and has over 7 years experience in accounting and Investment Management having worked in major institutions namely Old Mutual Asset Managers and Citigroup Accountant: Mr. Charles Mathai has over 20 years experience in the fields of both public practice and commerce. He has been with Apex for over 10 years and has been instrumental in the development and implementation of our tailor-made accounting software Senior Dealer: Mr. Mahmood Mansur has over 5 years of hands-on experience at the market, with exceptional success in coordinating & executing successful trades on the ATS Marketing Executive: Mr. Sudhir Shah has over 30 year experience in the fields of Marketing and administration gained in various Companies IT Manager: Mr. Mujib Ashraf Has 8 years experience in network administration having worked in several organizations including senior positions in ISPs. He is responsible for the entire network including the trading system Mombasa Branch Representative: Mr. Dias Casimiros has several years experience in the field of Investments. 12