PACRA Maintains Broker Management Rating of EFG Hermes Pakistan Limited

Lahore, June 28, 2019 (PPI-OT): Broker Management Rating of EFG Hermes Pakistan Limited represents its association with EFG Group, an international financial services group with presence in eleven countries, and its emerging position in Pakistan’s brokerage industry. The rating reflects strong sponsor support and governance at all levels, growing market share, matrix reporting organizational structure and experienced management team of the company. EFG Hermes Pakistan has a well-developed organizational structure, with clear reporting lines for respective heads at the group level.

It is the first brokerage house in the country with a designated foreign sales team operating from UAE office. The research department draws strength from the experience of EFG Group as the company emphasize on providing high quality market reports to its clients in a systematic way. The IT infrastructure allows full integration of the front and back office functions, allowing generation of real time reports.

As a group policy, the company does not invest in equity market and all investments have been deployed in government backed debt securities. The rating is dependent upon the company’s management to retain market share, successfully materialize the brand name and retention of key human resource remains critical for the rating.

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