PACRA Maintains Broker Fiduciary Rating of Optimus Capital Management (Private) Limited - Press Release issued by The Pakistan Credit Rating Agency Limited.

Lahore -- October 31, 2022 (PPI-OT)

Following is the text of press release issued by The Pakistan Credit Rating Agency Limited (PACRA)

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Optimus Capital Management (Pvt.) Limited ('OCM' or 'The Company') has a sustained position in the market with a reputation for handling large block trades. The rating takes note of satisfactory client servicing, appropriate IT infrastructure, effective internal audit function, prudent financial management, and adequate risk assessment and compliance procedures. The management team is comprised of seasoned professionals ensuring a sound quality of services. A full-fledged research department is in place to assist clients. The control environment may be strengthened further with the separation of compliance and finance departments.

The Company is not running a proprietary book hence, less exposed to market risk. The topline has improved by ~26% YoY in FY22 despite...