PACRA Maintains Broker Management 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)

Quote

Optimus Capital Management (Pvt.) Limited ("Optimus Capital" or "The Company") mainly provides the services of equity brokerage while having a good presence in off-market transactions. The assigned rating incorporates the Company's satisfactory internal control and risk management framework. An in-house internal audit department provides strength to the overall control environment. However, the internal control framework could be improved further by separating the compliance and finance departments. The rating also takes note of a sound customer relationship and IT infrastructure. A well-developed research department is in place to provide the clients with the necessary research services.

The clients are provided with the portfolio statements on a timely basis. The Company has devised a comprehensive Disaster Recovery plan and a well-developed transactions execution and monitoring system. The Company has a lean organizational structure with most of the heads reporting to the CEO. The management team comprises seasoned professionals that ensure the sound quality of services. The rating draws strength from the experienced profile of the CEO, Mr. Asif Ali Qureshi, who has been associated with the capital markets for over 25 years.

The...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT