SBM Mauritius Asset Managers Ltd (“SBM MAM”), licensed and regulated by the Financial Services Commission, provides corporate investors, pension funds, mutual funds and high net worth individuals with the opportunity to explore diverse investment avenues, through its investment expertise encompassing asset management, investment analysis and financial advisory and distribution. In line with its commitment to bring forward simple investment solutions for the public at large, SBM MAM has established a family of SBM local unit trusts, each with a particular focus on local equity, fixed income instruments or overseas investments, thus catering for the diverse risk appetite of its clients.
SBM MAM has also partnered with international investment houses and international banks to provide access to multiple foreign investment solutions. The company’s suite of foreign investment products includes Equity, Money Market, Bond, Asset Allocation, Hedge and Capital Secured Funds as well as tailor-made structured investment solutions for the more sophisticated clients. In 2008, most of the funds under management performed well, supported by the strong performance of local listed stocks. SBM Universal Fund posted a risk-adjusted return of 19.8% and was the star performer among the local diversified unit trusts. With assets under management of Rs 3Bn, SBM MAM recorded a profit after tax of Rs17.3m for the financial year (2007: Rs15.0m). In the short term, with the slowdown of the global economies and the imminent dissolution of First Republic Fund Ltd, assets under management is expected to be under pressure. However, existing and new relationships continue to be nurtured with medium to long term growth potential.SBM Global Investments Ltd is an investment vehicle to invest in offshore activities. It holds investments in Banque SBM Madagascar.SBM IT Ltd is the technology arm of the Group. SBM IT Ltd closely monitors IT developments in the banking Industry to ensure that SBM adopts state-of-the art IT tools to efficiently meet its customer needs. SBM Investments ltd was set up in November 99 with the objective to act as the domestic Investment arm of the SBM Group.Investments held by the Group Companies have been transferred to this company for centralised monitoring.
We are pleased to announce the launch of our Cash Rebate Promotion -SBM Cashpaké, a simple and attractive Rewards Programme aimed at rewarding cardholders for using their SBM debit and credit cards at merchant point of sales. No formalities or registrations required. You just need to use your cards to be eligible for the rewards. This rewards programme replaces our Freetime promotion with effect from 22 October 2009.
State Bank of Mauritius Ltd set up its Indian Operations in November, 1994. The Bank has three (3) Branches in India comprising of Mumbai Branch which also serves as the Head-Office, the other two branches being at Hyderabad & Chennai respectively.The Bank has been very agressive in its Corporate & Treasury Operations, though with changing times and Indian Economic Outlook, the focus is fast shifting to Retail and its allied activities.The Bank has implemented new Core Systems-Flexcube at the Indian Operations whereby all its branches are interconnected and it is on same Technological Platform with its Corporate Office.