Brief History
Sterling Investment Bank (SIB) was incorporated in 1981 as a limited liability company, to provide investment and financial advisory services. In July 1994, SIB was licensed as a stockbroker by the Capital Markets Authority. In January 2005, SIB was re-launched, with new shareholders and under new management. SIB is leveraging on the experience and competence of its management team to offer quality Investment Banking and Stock broking services to institutional and retail clients.
SIB is driven by a core Management team made up of the company's directors who oversee seamless service to clients apart from other administrative duties. Through its core team, SIB has in been heavily involved in both primary as well as secondary trading. Among the most notable primary issues include Cooperative Bank, Safaricom, Kenya Airways, Sameer Africa, National Bank of Kenya, Kenya Commercial Bank, Cooper Motors Corporation, ICDC, and TPS (EA)
Additionally, the company through its Directors, has been involved in valuation of state owned enterprises (e.g. Kenya Tea Development Authority, Mount Kenya Textiles and CMC).The companies client base is varied, made up of both Institutional, (local and Foreign), as well as retail in the ratio of 70/30.
Mission
To offer reliable, efficient and quality financial services to all our clients whilst maintaining cordial contact with them and undertaking regular research to identify and address their investment needs.
Vision
To offer diversified financial services with a strong emphasis on quality of service and innovation.
Services
SIB has established itself as a key market player in: -
-Buying and Selling quoted shares & bonds on behalf of clients
-Treasury Bonds and Treasury Bills placements
-In-depth research on listed companies
-Non-discretionary Portfolio Management
Investment Banking
At the start of 2008 SIB converted into an investment bank, meaning it can now participate in raising capital, corporate mergers and acquisitions, and securities trades and is putting in place measures to develop new products, in line with its new stature. As a result, SIB will now be involved in helping companies and governments (or their agencies) raise money by issuing and selling securities in the capital markets (both equity and debt). SIB will also offer strategic advisory services for mergers, acquisitions, divestiture or other financial services for clients, such as the trading of derivatives, fixed income, foreign exchange, commodity, and equity securities.
Sponsoring Brokerage Services
Since the listing of Safaricom shares, the Nairobi Stock Exchange has been experiencing increased interest amongst investors as exemplified by the significant rise in the number of CDS accounts opened from 2003 hitherto. This has in turn created awareness among potential companies looking to raise capital in the stock market either through listing or through bonds. As a result, SIB has in place, a team with the expertise and experience to provide superior sponsoring investment banking and brokerage services.
Currently, the company's clientele base is distributed into approximately 70% institutional and 30% retail. The corporate and institutional clients consist of:
- Fund managers
- Insurance Companies
- Investment Companies
- Foreign Companies and Fund Managers
Research & Market information
A key component in adding value to SIB's services is the undertaking to carry out in-depth research and analysis on stocks and bonds traded at the exchange. This is the basis on which SIB advises its clients, both institutional and retail, on which counter(s) to invest in. The department has been at the forefront in providing up-to-date, accurate and well researched reports to the company's clients. As a client, on request, some of the research benefits you will enjoy include receiving:
-The daily stock market price list,
-Weekly stock market statistics,
-Weekly reports analyzing various market aspects,
-Company Analysis Reports,
-Company Visits and one to one presentations with interested institutional clients.
-Quarterly market and economic analysis reports (being developed) and
-Advisory services to clients on the investment decisions that they ought to make based on the available information.
Back Office & Documentation
Our back office staff is fully equipped and competent with capacity to process contract settlement, documentation & backup information efficiently. Some salient features of this area include:
-Seasoned staff that is well versed with market procedures & regulations with extensive knowledge on the CDS processing system.
-Timely confirmation and delivery of transaction documents
-Tested and proven backup system
-Easily accessible via fax, e-mail and telephone, both with the dealers and the office.
Ethics and competence of dealers
The company has highly competent dealing team which is physically separated from the backroom operation. Our dealing staff has the capacity to:
-Execute orders promptly,
-Maintain high standards of ethical behaviour in dealing with our clients and
-Provide up-to-the-minute updates to clients on market developments on request.
-All our staffs are signatories of and live by the values of a prescribed Code of Ethics which ensures that, as a player in the Financial Services industry, we adhere to the highest standards of business practice with all our stakeholders.
