BMA is # 1 in Pakistan, Euromoney

Karachi, 1 October 2010: BMA Capital has won the top award for Investment Banking services in Pakistan in the renowned Euromoney magazine’s 2010 Awards for Excellence. The Awards are among the most coveted global awards in the financial services industry, and brings BMA Capital top honours for the 4th time this year for its group businesses. The awards issue of Euromoney announces BMA’s selection and adds: “Over the past 12 months BMA has been involved as an adviser on eight M&A deals worth $250 million and helped raise $85 million for local corporates. The group advised Martin Dow, one of Pakistan’s largest pharmaceuticals companies, on its $20 million acquisition of Roche’s local operations. Another prime role was as financial adviser to Silkbank’s January 2010 $82.2 million rights issue.

Mr. Moazzam Malik, Chief Executive of BMA Capital, congratulated his team by saying: “I am delighted that BMA Capital has won the award for Investment Banking in Pakistan from Euromoney. I especially want to commend BMA’s Corporate Finance & Advisory group for their hard work to achieve this honour. I also thank BMA’s clients and shareholders for their continued support which has led us to win this singularly distinguishing award. This award highlights BMA’s unswerving commitment to providing exceptional service for our clients. BMA Capital is unique in being consistently recognized in the international league tables. In the past year alone, The Banker awarded BMA Capital’s Corporate Finance & Advisory business the “Highly Commended” (2nd) position in their annual “Deals of the Year” awards for the second year running for all M&A deals across Asia. Our Equity Group won Asiamoney’s Brokers Polls for 2009 for 3rd Best equity house, 3rd most improved brokerage, and 3rd Best Salespeople. Also in 2009, BMA Funds was nominated for the “Best Hedge Fund Manager” award for the BMA Pakistan Opportunities Fund at the Hedge Funds World Middle East Awards. We will continue to strive to win more such laurels by serving our clients’ best interests across all our businesses.”

About BMA Capital:

BMA Capital Management is amongst the leading investment groups in Pakistan. A full service investment house, BMA provides world-class integrated financial services to clients locally and globally. BMA’s areas of business consist of Capital Markets, Corporate Finance & Advisory, Asset Management, Financial Products Distribution, and Retail Brokerage. BMA Capital is the leader in privatisation advisory in Pakistan, and among Pakistan’s leading capital markets brokers. BMA Funds is a pioneer in Pakistan’s asset management industry, and the nation’s leader in discretionary portfolio management. BMA Financial is Pakistan’s first independent financial products distribution company backed by a financial institution. BMA has a comprehensive research portal with up-to-date company news, investment strategies, and technical analysis available to customers at BMA’s core values are integrity, innovation, and above all serving the interests of our clients.

Source: Daily Jang