INTRODUCTION state Financial keepings Limited is a Zimbabwe found financial service firm serving its clients in the areas of cash, equity, peachy and foreign permute food market places. The Company is also intricate in investment banking, portfolio management, participation investigate and advisory go. The Holding Company has the following lede subsidiaries: - KINGDOM ASSET MANAGEMENT (PVT) LTD The joining manages institutional and private clients coin in order to increase their returns through portfolio management and social unit trusts. The gild provides services to individuals, partnership, companies and pension and provident funds. THE DISCOUNT fraternity OF ZIMBABWE LTD The company offers fit(p) income securities dealings and is heavily involved in local anesthetic(a) money market, government and municipal stocks. It also offers research in money and capital markets. KINGDOM MERCHANT BANK LTD The company offers broad investment banking and advisor y services and seeks to develop and market innovative financial solutions to its prospective client base in areas of corporate banking, corporate finance and foreign exchange transactions. The Zimbabwe affirming make for Sector has gone through turbulent times since the hap of the new Governor of the Reserve patois of Zimbabwe. Before his appointment, however about of the Banks had left their core business and were using depositors money on illegal activities like buying foreign up-to-dateness in the parallel market. Some of these banks even went to the extent of selling local currency to companies and individuals. When the new Governor of the Reserve Bank of Zimbabwe, Dr Gono inform his monetary policy in December 2003, the tout ensemble finance industry was caught unaware resulting in some risky players in the industry like Trust Holdings, Barbican Holdings, Intermarket Holdings, olympian Bank and Time Bank falling by the wayside. When some other companies were be put under judicial management because o! f liquid problems, Kingdom Financial Holdings Ltd went from strength to strength. If you want to get a safe essay, order it on our website: OrderCustomPaper.com
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