Crested Capital awarded ‘Broker of the Year’ accolade

At the Uganda Securities Exchange 20th anniversary celebrations, Crested Capital was awarded the “Broker of the Year” as the overall best broker in 2017 for key performance indicators of turnover, deals and volumes contributed to the Exchange according to market statistics generated from the Automated Trading System –ATS.

This is the first Broker of the Year award in recent memory and sets a high standard for other Members of the Uganda Securities Exchange, going forward. Crested Capital also took home the “Client Origination Award” for the broker who raised the most brand awareness for the Exchange and the capital markets as whole, facilitated new entries into the market, improved market share and enhanced customer loyalty. The award takes into consideration different methods to increase its relations with investors such as use of social media, breakfasts, reports and updates as well as its outreaches and road shows to increase its client base.

The Deputy Governor, Bank of Uganda Dr. Louis Kasekende as the Guest of Honor representing the Governor of the Central Bank stated, “We recognize the important contribution which the USE is making to the development of the financial system and the economy in Uganda and wish you every success for the future. Unfortunately, it is proving very difficult to attract companies to issue securities on the Exchange. It would be useful to see more research into the obstacles that deter companies from listing so that we are able to formulate realistic policy solutions”.

The CEO Crested Capital Mr. Robert Baldwin welcomed Dr. Kasekende’s comments and noted that last week’s direct listing of the tech-company SPOTIFY ($26.5 Billion) at the New York Stock Exchange could be a solution to structural impediments we face in the Uganda market that has had a lack of IPOs. Mr. Baldwin continued, “I also look forward to deeper engagement between Bank of Uganda and the Uganda Securities Exchange, particularly for secondary market trading of government securities at the Exchange”.

In her comments about the USE awards, the Chairman of the Board Crested Capital Dr. Thelma Awori said, “these multiple awards are a testimony to the focus, commitment, and hard work of Crested Capital’s entire team. It’s a pleasure to work with a group that applies such enthusiasm, generosity, and skill to developing Uganda’s capital markets. It comes as no surprise that the team is highly successful at whatever it sets out to achieve.”