Investment Banking Integrated business focused on local client delivery with international access Scope of activities We engage in a range of investment banking activities and position ourselves as an integrated business focused on local client delivery with international access. We target clients seeking a highly customised service, which we offer through a combination of domestic depth and expertise within each geography and a client centric approach. Activities -   Corporate Finance -   Institutional Research, Sales and Trading -   Direct Investments -   Private Equity Target market -   Major listed and unlisted corporations -   Fund managers -   Government -    Parastatals Strategic focus Mission:To be a premier international investment bank distinguished by our leadership in chosen niches, our people and their approach, and our bond with our clients. Our primary objectives are to secure our current positionings and to continue building our operations, with a strong focus on enhancing overall profitability UK and Europe Our strategic objectives are to: • Become a pre-eminent full service mid-market investment bank. • Leverage our highly rated product and service offering internationally, specifically in the US and Europe. • Offer additional corporate services such as private equity and debt advisory specialisation. • Increase the use of capital to reinforce our mid-market offering. • Achieve greater sector specialisation in Corporate Finance. South Africa Corporate Finance Our strategy is to: • Take advantage of our leading position in the South African market. • Improve the size and profile of our client base with a focus on servicing existing clients and undertaking new client initiati ves. • Identify appropriate investment banking transactions, mergers and acquisitions and IPO opportunities. • Continue with our strategy relating to black economic empowerment. • Improve cross-border activity. Institutional Research, Sales and Trading Our strategic objectives are to: • Be the top rated South African specialist broker as determined by our target client base. • Broaden our research base to ensure appropriate coverage and to reinforce our South African distinctiveness. • Further leverage our research product into the UK and US and selectively target key European clients. • Continue to grow related product offerings.