BUSINESS REPORTER
A top Zimbabwean investment banking firm, Platinum Groupe (Pvt)Ltd, has won a prestigious international award for its excellence in creating relevant solutions that meet the needs of institutional, corporate and individual clients.
The top award was given by CFI.co (Capital Finance International), a London headquartered firm that provides news, analysis and commentary on global markets.
The Platinum Groupe brand emerged in 2010 from the restructuring and consolidation of separate business units. The streamlined operations have earned it an enviable reputation for integrity, consistency and performance over the past 10 years.
“We value strong client relationships and consistent service delivery to our clients,” says chairman Exodus Makumbe.
Platinum Groupe has four strategic business units: Platinum Investment Managers (PIM), Platinum Securities, Platinum Financial Solutions and Platinum Microfinance.
PIM was licensed as an Investment Manager in 1999. Ever since, it has grown from strength to strength. The funds under management for PIM grew to US$100m in 2020 from US$4.5m in 2010. “This has been achieved on the back of a solid foundation of investment expertise, professionalism and trust generated from reliability and transparency of investment processes and strategies and the assurance of safety on client funds” said Makumbe.
Platinum Securities began operating since 1999 and is a registered member of the Zimbabwe Stock Exchange. Over the years, it has carved itself a reputation as an acumen deal maker in the Zimbabwean Securities market.
To further consolidate the integrated nature of the financial outfit, the Group also added Platinum Microfinance and Platinum Financial Solutions in its stable. The result has been a diverse but highly synergistic platform which has allowed the Platinum Groupe brand to flourish and better meet the needs of its customers.
In the outlook, Makumbe said: “My team will build on this momentum to do even better and break new barriers. Platinum Groupe, as an integrated Investment Banking outfit, will have its fair share of contribution when the recovery story of Zimbabwe is written.”
