Press ReleasePACRA Maintains Broker Fiduciary Rating of Optimus Capital Management (Pvt.) Limited
|Current (28-Oct-22 )
|The Company is a wholly owned subsidiary of Optimus Holdings (Pvt.) Limited. The CEO, Mr. Asif Ali Qureshi owns ~80% while Mr. Jawad Amjad owns ~20% of Optimus Holdings, respectively.
|The Board of Directors is comprised of two members including the CEO, Mr. Asif Ali Qureshi. Mr. Muhammad Mohsin Ahsan also holds a significant experience in capital markets.
|Management and Client Services
|The Company has a sound organizational structure with a well-experienced management team. The Company has a well-developed research department covering ~80% of the KSE100.
|Internal Controls and Regulatory Compliance
|The Company has an in-house internal audit and compliance function to monitor the control environment. However, separation of compliance and finance functions may be considered for better oversight.
|OCM primarily provides equity brokerage while diversification exists in the form of corporate finance.
|An adequate equity base and a leveraged free capital structure provide support to the ratings.
|Key Rating Drivers
|About the Entity
|Year of Establishment
|Type of License
|Trading and Self-clearing
|Optimus Holdings (Pvt.) Limited
| Afnan Iqbal
Methodology | Broker Fiduciary Rating | Jan-22
Sector Study | Brokerage & Securities | Jan-22
|This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA. The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.