INTRODUCTION state Financial holdings Limited is a Zimbabwe establish financial service firm serving its clients in the areas of funds, equity, smashing and foreign permute mart places. The Company is also elusive in investment banking, portfolio management, participation investigate and advisory function. The Holding Company has the following lede subsidiaries: - KINGDOM ASSET MANAGEMENT (PVT) LTD The railroad tie manages institutional and private clients coin in order to maximise their returns through portfolio management and social unit trusts. The ships company provides services to individuals, partnership, companies and pension and provident funds. THE DISCOUNT fraternity OF ZIMBABWE LTD The company offers fix income securities dealings and is heavily involved in local anaesthetic 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 a nd advisory 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 lean Sector has gone through turbulent times since the drop dead of the new Governor of the Reserve entrust of Zimbabwe. Before his appointment, retributory about of the Banks had left their core business and were using depositors money on illegal activities like buying foreign property in the parallel market. Some of these banks even went to the extent of merchandising 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 full finance industry was caught unaware resulting in some king-size players in the industry like Trust Holdings, Barbican Holdings, Intermarket Holdings, majestic Bank and Time Bank falling by the wayside. When other companie s were be put under judicial management bec! ause of liquidness 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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