CORPORATE PROFILE.

Transcription

1 CORPORATE PROFILE Website: 1

2 Who we are As an investment management company, Platinum Groupe (Private) Limited (Platinum) provides investment management solutions that are relevant and meet the needs of institutional, corporate and private individual clients. Through our licensed business units, we offer private wealth consultancy and management, balanced fund mandates, specialty equity mandates, fixed-income mandates, stock broking and sponsoring broker consultancy, securities trading and corporate advisory services including capital raising, mergers and acquisitions, Initial public offerings, private placements, bonds origination among others. We boast of a highly skilled team with significant investment management experience, which puts us in a strong position to deliver consistent returns on clients investments and give superior advice to our clients. Platinum Groupe was formed from the reorganisation of Exodus and Company (Pvt) Ltd in January Exodus and Company, an investment management company was operational since 2007 and the vision for growth culminated in it being rebranded, in pursuit of more opportunities. In pursuit of our vision and strategy to provide a full array of investment services, we acquired NDH Equities (Private) Limited in January 2010 and rebranded it to Platinum Securities (Private) limited ( PS ). The company, operating since 1999, is a registered member of the Zimbabwe Stock Exchange and is licenced by the Securities Commission of Zimbabwe in terms of the Securities Act (Chapter 24:25). We value strong client relationships and consistent quality service delivery to our clients. In April 2010, we made another acquisition of the then MBCA Capital Management (Private) Limited, a fund and wealthy management company and changed its name to Platinum Investment Managers (Private) Limited ( PIM ). It is registered in terms of the Asset Management Act, (Chapter 24:26) and regulated by the Reserve Bank of Zimbabwe. The company was founded in 1999, as the asset management division of MBCA Holdings Zimbabwe (a subsidiary of Nedbank SA). We have created for ourselves a reputation of integrity, honesty, consistency and performance culminating in the company attaining several awards including the best Fund Manager, awarded in June We strengthened our position in investment banking by developing Platinum Advisory Services ( PAS ) February 2010, a corporate advisory services unit, which has participated actively in bond origination, capital raising and corporate restructuring, among its key product offerings.. The group s business structure is as follows: PLATINUM GROUPE (PVT) LTD MANAGEMENT 100% 100% 98 2% PLATINUM INVESTMENT MANAGERS (PVT) LTD PLATINUM FINANCIAL SOLUTIONS (PVT) LTD PLATINUM SECURITIES (PVT) LTD 2

3 What we offer 1. Investment and Fund Management Services Platinum Balanced Portfolio. We provide a combination of discretionary and non-discretionary fund management services. A discretionary mandate enables clients to delegate day to day investment decisions to us within the parameters of their own investment objectives while non-discretionary would require clients to actively participation on investment strategies of their funds with us. The Balanced Fund is suitable for institutional, corporate and individuals who prefer growth of their funds at moderate risk. The choice of assets offers long term stable returns at lower risk of capital loss. We target an optimum asset mix of high quality, low volatile equities and an appropriate blend of fixed income securities in order to balance the risk to capital. With the Balanced Fund, we rebalance your portfolio from time to time to ensure your portfolio remains aligned with the desired asset mix. Platinum Fundamental Equity Portfolio. We avail this product to institutional, corporate and individuals who prefer superior long-term capital growth with due regard to capital preservation, moderate income and lower risk by investing primarily in a well-diversified portfolio of value equities. We construct the portfolio carefully to achieve a diversified portfolio of medium to large equity securities, taking into account sector weightings also to manage risk to acceptable levels. Equities refer to financial instruments that signify an ownership in a company and represent a claim on its proportionate share in the company s assets and profits. Platinum Fixed Income Portfolio This product, made up of short, medium and long term fixed income securities in the form of Treasury Bills, Government and Semi-Government Bonds, Fixed Deposits, Commercial Paper, and Bankers Acceptances provides our clients access to an actively managed portfolio of fixed income strategies. With our fixed income portfolios, the needs of all clients who seek low risk and moderate volatility on returns are fulfilled. The portfolios we construct have guaranteed capital protection but not appreciation and growth is generated from interest income. The portfolios are designed to outperform client benchmarks through superior security selection, yield curve positioning and interest rate forecasting. Fixed income securities are investments that provide a return in the form of fixed periodic payments and the eventual return of principal at maturity; unlike a variable income security, the payments of a fixed income security are known in advance. Platinum Hybrid Portfolio This is an efficiently diversified investment portfolio of unit trust investments and direct equities, managed across fund themes in order to attain optimal risk adjusted portfolio that is unique to any individual investor. The hybrid portfolio is tailored to meet each individual investor s optimal portfolio efficiently by investing in sufficiently diversified unit trust funds in different asset classes and with varying securities selection themes. 3

4 The product us suitable for investors with limited capacity to build a standalone portfolio, or whishes to achieve the targeted portfolio mix cost effectively and those seeking exposure in more than one market/economic sectors but who may not have capacity to do so directly. Also, the product is suitbale for investors seeking to minimize transaction costs and tax expenses by getting indirect exposure in targeted market through unit trusts, which are tax exempt. Platinum Staff Savings Scheme Platinum Staff savings product is a pooled investment account through which employees can set aside a portion of their after- tax wages/salaries for retirement savings or other long term goals i.e. paying for college tuition or purchasing a home. The scheme invests in either the money or the equities market. This provides an opportunity for a formal long-term savings framework in the absence of an employer assisted Pension Scheme and other employer assisted savings plans. Platinum Unit Trusts As part of our responsibility to serve individual clients with small amounts to invest, we offer unit trusts whereby clients with similar investment objectives put these small amounts in a pool of funds we create. We pool these funds together to create economies of scale that would enable us to make better investments of such funds on behalf of the clients. Each investor obtains units in the funds and the income and growth of the funds would increase the value of the units, benefiting clients holding the units. 2. STOCKBROKING SERVICES Securities Trading Our vibrant securities trading team offers an efficient platform for individual and institutional investors to buy or sell securities (listed shares, bonds) on major securities markets in the Southern Africa Region with key focus on securities listed on the Zimbabwe Stock Exchange (ZSE), Johannesburg Stock Exchange (JSE) and Nairobi Stock Exchange (NSE). Listing and Sponsoring Broker Services Over the years, we have actively participated in the investment market by offering sponsoring broker services and securities lending. 3. ADVISORY SERVICES Understanding that the needs of our clients are different, our team of dedicated professionals is able to provide you with insightful, tailored advice on the wider market or specific issues and have the experience and knowledge to find you the right solution in the following areas; Corporate Finance Initial Public Offerings. Private Placements. Takeovers Management Buyouts and Leveraged Buyouts. Underwriting. Due Diligence. Business Valuations. Mergers and Acquisitions. Tax Compliance and Administration 4

5 Debt and Capital Raising. Bond Origination. Private Equity Financing. Equity Disposal. Long-term Debt and Equity Restructuring. Working Capital Restructuring. Project Finance. Feasibility Studies. Project Documentation. Project Development and Management. Private Public Partnerships Advisory. Privatizations and Commercialization. Regulatory Approval. Research Service. We provide quality research reports on the broader current and future behavior of the money market, commodities market, and property market on weekly and monthly frequencies. The following reports are given to our clients for free. However, we conduct specific research for our clients at a fee. 4. WEALTH PLANNING AND MANAGEMENT (FAMILY OFFICE) Platinum Family Office offers a suit of exclusive and tailor made advice on wealth preservation and growth for wealthy families. We understand that these unique clients have busy schedules making them afford less attention to the continuous monitoring of their wealth and we are committed, in our role an advisor to fill the gap. We serve clients with unique domestic and international financial affairs that require high-level personal and confidential service. Our team takes pride in the discipline, skills and experience that we posses in the provision of expertise in three core areas of family office services: Wealth preservation Wealth management Special client services Our approach will commence with understanding your wealthy management objectives and work with you through out to meet those objectives. On a continuous basis, you will receive tailored wealth counselling from a dedicated Portfolio Manager along with a portfolio recommendation, a personalized investment policy statement to help you formalize your longterm plan, comprehensive quarterly reporting, and annual portfolio reviews. 5

6 OTHER CORPORATE INFORMATION Registered Office and Contact Details No 23 Quorn Avenue Mt Pleasant P O Box CY129 Causeway Harare Telephone: 263(4) Website: info@platinumgroupe.com Bankers Transfer Secretaries Legal Advisors Stanbic Bank Limited Pearl House Samora Machel Avenue Harare Network Secretarial Services 2 th Floor, Globe House Jason Moyo Avenue Harare Sawyer & Mkushi Legal Practitioners 11th Floor, Social Security Centre, Cnr J/Nyerere Way/Sam Nujoma St, Harare Gula-Ndebele & Partners Legal Practitioners 2 nd Floor, ZB Centre, 59 K. Nkrumah Ave Harare 6

7 Board of Directors & Key Management Exodus Makumbe Non Executive Group Chairman Date Engaged: July 2008 Exodus has over 23 years experience in the financial services industry. He spent 13 years with the Reserve Bank of Zimbabwe as a bank regulator and more than 10 years in investment banking. His greatest strength is in creating and growing brands. Exodus championed the formation of Premier Discount House in 2002, which he successfully converted into a Merchant Bank, Premier Banking Corporation Limited in 2004 (now rebranded to Ecobank) in Zimbabwe, before creating Premier Finance Group (Pvt) Ltd where he became the inaugural Chief Executive Officer. In 2007, he left Premier Finance Group (Pvt) Ltd and formed an investment, family office and advisory services company called, Exodus & Company (Pvt) Limited, which was rebranded to Platinum Groupe (Pvt) Ltd in January He currently sits on various public and private boards and was appointed Chairman of Platinum Groupe (Pvt) Ltd at its inception. He has won several management and leadership awards in recognition of his marked contribution to banking and human development in Zimbabwe A holder of an Msc. in Strategic Management with Derbyshire Business School, Exodus is studying for Doctorate in Finance with Swiss Management Centre of Switzerland. The Groupe will benefit immensely from his vast experience in general business management and leadership. Sam Enikias Magombedze Non-Executive Chairman - PIM Date Engaged: May 2004 Sam has been a Non-Executive Chairman of the Board since May 2004 and over the years provided valuable leadership and guidance to the business. His vast business experience has immensely benefitted the company. Sam is the Commercial Director of Tanganda Tea Company (Pvt) Ltd, a subsidiary of Meikles Africa (Pvt) Ltd, and the largest manufacturer and exporter of tea in Zimbabwe. He has extensive experience in the public, manufacturing and mining sectors having worked for several companies at senior management level in the mining, public auditing and accounting, agricultural, agro-processing, pension and packaging industries. Sam is a Non-Executive Director in a number of companies, among then Tanganda Tea Company (Pvt) Ltd, Tea Research Foundation of Central Africa, Tingamira Tea Estate (Pvt) Ltd, Cumar Investments (Pvt) Ltd, Quepak (Pvt) Ltd, Roxton Investments (Pvt) Ltd and Africom (Pvt) Ltd. Sam also holds a BA in Business Studies (Accounting and Finance) and a Masters in Business Administration from the University of Zimbabwe. Genius Joel Maposa Non-Executive Director Date Engaged: February 2007 Currently the Executive Director of Flame Lilly Hospitality Group (Pvt) Ltd, Genius has extensive and valuable experience in strategic, business development, business operations management and human resource management, having worked in those capacities at senior level in the agriculture, manufacturing, hospitality, mining, and energy sectors in Zimbabwe. His experience and maturity should provide invaluable and a key balancing factor to the Board. He has been a Non-Executive Director for a number of companies, among them Standard Fire and General Holdings (Pvt) Ltd, Zimbabwe Tourism Authority, FSI Agricom (Pvt) Ltd, SMM Holdings (Pvt) Ltd, Willowvale Medical Centre, The Profile Inn (Pvt) Ltd, Mazwi Investments (Pvt) Ltd and is involved in management consultancy. Previously, Genius worked as Chief Operating Officer of Simba Group (formerly Dunlop Timber Industries), Groupe Executive at PG Industries, and as Corporate Services Director at ZESA. 7

8 Genius holds a Masters in Business Administration (Mastrich Business School, Netherlands), a Masters of Philosophy and a BSc in Sociology from the University of Zimbabwe. Currently he is finalizing his studies on a law degree with Midlands State University in Zimbabwe. Abisai Maxie Chingwecha (Fcca) Non-Executive Director Date Engaged: December 2007 Currently Abisai is the Group Finance Director of TS Holdings (Pvt) Ltd, the largest supplier of plastic resins, master batches and sythentic hair in Zimbabwe. Abisai has extensive experience in the retail and manufacturing sector having worked for several companies in the clothing, chemicals, steel, agricultural, detergents, printing and plastic industries. This useful experience brings valuable knowledge to the company. He is a Fellow of the Association of Certified Chartered Accountants (FCCA), and a Registered Public Accountant in Zimbabwe. Abisai is an Executive Director of Blue Track Investments (Pvt) Ltd, Stenhop Investments (Pvt) Ltd, and Autoflow Investments (Pvt) Ltd, and also sits as a Non Executive Director on the Boards of several private companies. Abisai also holds a Bachelor of Accounting Science Degree (BCompt) (UNISA), and is a Certified Chartered Accountant (ACCA). Cassius Gambinga CA (Z) Non-Executive Director Date Engaged: July 2010 Cassius is the Managing Director of Greatlink Investments (Pvt) Ltd, a supply chain management company in Zimbabwe. Cassius has more than 15 years experience in business management at top level in manufacturing and banking sectors and the business stands to benefit from his vast experience in management development, strategic planning, financial management, internal auditing and general business operations. In his career, Cassius served as an Executive Director and Chief Operating Officer for Premier Finance Group (Pvt) Ltd, Finance Director of Premier Banking Corporation (Pvt) Ltd, Divisional Finance Director for PG Industries (Pvt) Ltd, Chief Internal Auditor for Universal Merchant Bank of Zimbabwe and Finance Manager for Turnall. Cassius who is a Chartered Accountant CA (Z) holds a Bachelor of Accounting (Honours) Degree from the University of Zimbabwe and is also a Chartered Public Accountant. Cletus Nyachowe Non-Executive Director Date Engaged July 2010 Cletus is the Director of Business Development of Global Power, an infrastructure development company. His sound experience and competence in organizational leadership, policy and strategy formulation and execution, projects management, commercial contracts negotiation and execution, business development and corporate governance has benefitted the company in many ways. Cletus sits on the boards of ZB Reinsurance (Pvt) Ltd, Harare Institute of Technology and ZESA Pension Fund. Previously, Cletus worked as the Executive Director (Group Operations) at ZESA Holdings, Managing Director (Powertel Communications), Grid Assets Manager (ZESA), Regional Transmission Engineer (ZESA), Risk Engineering Surveyor (ZIMRE). He is a fellow of Zimbabwe Institution of Engineers, a Senior Member of the Institute of Electrical and Electronic Engineers, and a member of South African Institute of Electrical Engineers. Cletus s academic qualifications include a Masters of Business Administration Degree and a BSc Engineering (Honours) Degree in Power and Electronic Engineering, both from the University of Zimbabwe. 8

9 Progress Mambo Chief Executive Officer (Group) Date Engaged: July 2008 Progress has over 14 years of vast and diverse experience in banking and investment management covering general business management, project management, bank regulation, risk management, internal audit, human resources and financial accounting. One of the founding members of Exodus & Company (Pvt) Ltd, and Platinum Groupe, Progress was responsible for the group s finance, information technology, operations, risk and compliance functions before he was appointed the Chief Executive Officer in March Previously, he worked for Premier Finance Group Limited, NMB Holdings Limited, Agricultural Bank of Zimbabwe, and Reserve Bank of Zimbabwe in various capacities up to executive level. He played a key role in the conversion of Premier Discount House to a Merchant Bank in 2004 and that of Agricultural Finance Corporation to a commercial bank, Agricultural Bank of Zimbabwe, in He holds a Masters Degree in Business Administration and an Honors Degree in Business Studies from the University of Zimbabwe. Progress is an Associate of the Institute of Bankers of Zimbabwe. George C Madzvamuse Executive Director (Advisory Services) Date Engaged: February 2010 George has vast experience in the specialist areas of Corporate and Investment Banking, Fund Management, Wealth Management and Strategy, spanning over 10 years. He is a holder of a Bachelor of Accountancy (B Acc) Honours degree from the University of Zimbabwe, a Masters Degree in Strategic Management majoring in Money and Capital Markets (Chinhoyi University, Zimbabwe) and is a member of the South African Association Accountancy (SAAA) and the Institute of Bankers Zimbabwe (IOBZ). During his stay at the National Asset Management Corporation (NAMCO) and Premier Asset Management as portfolio manager, George gained wide experience in fund and wealth management. He also worked at Premier Banking Corporation Limited as a senior manager - Corporate and Investment Banking for over three years specializing in business development, investment banking and public sector investment management. George joined Platinum at its inception in January 2010 as a Board member responsible for business development and strategy. Prosper Mapika Managing Director (Asset Management) Date Engaged July 2008 With over 7 years experience in the fund and investment management markets, Prosper brings valuable experience to the Platinum Groupe Board in the key area of investments management. Prosper holds a B Comm. Banking (NUST), an MSc. Finance & Investments (NUST) and is a Chartered Financial Analyst (CFA). Previously, he was a Fund Manager with Premier Asset Management Private Limited, a position he held for more than three years. He served dealing and trading internships with Premier Discount Company before moving to Premier Asset Management as an Investment Analyst. Prosper is a skilled investment analyst who sat in the Judges and Analysts Panel of the Fingaz Top Twenty Companies survey from 2005 to Prosper was incorporated into the pioneering Platinum Groupe Board, responsible for investment management and advisory and is also the Managing Director for Platinum Investment Managers. Fidelis Chimhuka (Licenced Stock Broker) Managing Director (Stock Broking) Date Engaged: May 2009 Fidelis worked for several stock broking firms over a 7 year period after having started his career as a dealer at Rapid Stockbrokers in He holds a Bachelor of Commerce in Finance Honors and is currently studying towards an MSc Finance and Investments qualification with the National University of Science and Technology (NUST). He accumulated vast experience in equities dealing, scrip management and equities research before assuming the position of stockbroker with FBC Securities. He joined NDH Equities Pvt. Ltd in April 2009 and was part of the Platinum team at inception following the acquisition of NDH Equities by new shareholders. 9

10 Tonderai Marira (Licenced Stock Broker) Chief Securities Trader (Stock Broking) Date Engaged: July 2010 Tonderai started his stock broking career 15 years back at Intermarket Stockbrokers (Private) Limited as a trainee dealer and subsequently qualified as a stockbroker in He holds an honors degree in Business Studies from the University of Zimbabwe, a diploma in Sales Management and Marketing and a certificate in Business and Industrial Administration. In 2003 he joined Continental Securities as its Principal Stockbroker a position he held for one year before leaving to pursue private business interests. In 2005 he joined Zimbabwe Allied Banking Group as the Principal stockbroker and was instrumental in setting up the group s stock broking division. He became the General Manager of the stock broking unit in 2007 a position he held until August 2010 when he left to join Platinum Securities (Private) Limited as a Chief Securities Trader. Tinashe Chigunhah Senior Manager (Risk & Operations) Date Engaged: June 2010 Tinashe has 7 years experience in the local financial services industry having started his career with an asset management company where he gained vast experience in the Back and Front Office Operations in both Money Market and Equities Trading. He is a holder of a First Degree in Finance with the National University of Science and Technology (Zimbabwe) and has a MSc. in Finance & Investments with the same University. He worked at Premier Finance Group Limited where he gained 5 years experience in Risk Management, manning its Bank and Asset Management arms. Having joined as an Asset and Liabilities Analyst at Premier Finance Group, he rose through the ranks to become a Market Risk Manager and ended up being the Trading Risks Manager. Tinashe joined Platinum in May 2010 in his current capacity. Liberty Kusena Finance Manager Date Engaged: June 2010 Liberty has worked in the finance industry for more than 5 years including being Management Accountant for Premier Asset Management and Assistant Accountant for Premier Banking Corporation. He holds a Bachelor of Accounting degree from Midlands State University and is currently studying for a Masters in Business Administration. Liberty joined Platinum in June 2010 and is responsible for the group s financial accounting, company secretarial and administration. Enock Mahoko Back Office Manager Date Engaged: April 2007 Enock has over 13 years experience in the administration of portfolios, money market trades, Unit Trust administration, stock broking and insurance business. He worked for Fidelity Life Asset Management (FLAM) as the back office administrator and later moved to Fidelity life assurance as an Investment Officer. He also worked for Genesis Securities as the Scrip Supervisor before moving to MBCA Capital as Back Office Manager. He joined Platinum in his current position following the acquisition of MBCA Capital Management. Enock is currently studying for a Masters in Business Administration degree majoring in Finance with the University of Zimbabwe. He is also an associate member of the following professional boards, Institute of bankers of Zimbabwe (AIBZ), Institute of Administration and Commerce (AIAC), Southern Africa Association of Accountants (SAAA), Diploma in Management for Executives (DME) at UZ, and Insurance Diploma (IIZ) respectively. 10