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PACRA assigns initial Broker Management Rating to EFG Hermes Pakistan Limited

Lahore, March 02, 2018 (PPI-OT): Broker Management Rating of EFG Hermes Pakistan Limited represents its emerging position in the country’s brokerage industry. Growing market share, matrix reporting organizational structure, experienced top management are the key traits of the company.

EFG has well developed organizational structure which requires senior management to report to their respective heads within the group and it’s a first brokerage company whose foreign sales team operates from UAE office. The research department is in alliance with EFG group, and the company emphasizes on providing quality services to its clients by providing market reports in a systematic way. The IT infrastructure allows full integration of the front and back office; able to generate real time reports. Company also has online trading terminal with updated trading features and tools. Meanwhile, mobile app is developed, tested and yet to be launch.

Lately, company has achieved breakeven and plans to capture sizeable market share by focusing more on local institutional. Retail penetration needs improvement. The rating demonstrates company’s new approach to keep market risk low. This mainly devised after the acquisition by EFG group, company prohibits proprietary trading and investment in the market. Moreover, strong management control and governance framework, and strong revenue growth – volume and value – would intensify its emerging position in the industry.

For more information, contact:
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com