1 / 9

Emerging markets development in AMEDA countries

Emerging markets development in AMEDA countries. October, 23 2008. R. BOURGI. Agenda. Basis for strategic consideration: funds flows Basis for strategic consideration: infrastructure & experience Snapshot of key indicators for AMEDA markets Focus on South Africa, Egypt & Morocco

juliemmiller
Download Presentation

Emerging markets development in AMEDA countries

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Emerging markets development in AMEDA countries October, 23 2008 R. BOURGI

  2. Agenda • Basis for strategic consideration: funds flows • Basis for strategic consideration: infrastructure & experience • Snapshot of key indicators for AMEDA markets • Focus on South Africa, Egypt & Morocco • Market entry considerations for SG • Appendix: List of existing & proposed SGSS coverage in AMEDA

  3. Basis for strategic consideration: funds flows • Domestic • local clients investing locally • Inbound • foreign investors investing in local market • Outbound • local investors investing in neighbour markets and / or International markets

  4. Basis for strategic consideration: infrastructure & experience • Stock market & general market infrastructure • CSD’s • Registrars • Covering bodies • Etc... • Presence of local custodians • Automation • Compliance & risk • Financial stability • Customer service • Local know-how • Etc… • Presence of foreign players in markets • Fund managers • Banks • Insurance companies • Custodians • Brokers

  5. Snapshot of key indicators for AMEDA markets (1/2)

  6. Snapshot of key indicators for AMEDA markets (2/2)

  7. Focus on South Africa, Egypt & Morocco • South Africa • Main African market with 4 exchanges and up to USD 740bn stock capitalization on 412 listed companies (domestic and foreign) • Strong and modern infrastructure with centre clearing, settlement, electronic safekeeping and depositary • More than 100 brokers dealing various instruments (equities, bonds, warrants, other derivatives, funds, ETF,…) • Egypt • USD 130bn stock capitalization on 376 listed companies • MSDR (Misr Company for Central Clearing, Depository and Registry) works as a central infrastructure • No restriction on foreign investors • Morocco • USD 90bn stock capitalization on 88 listed companies (domestic and foreign) • MaroClear handles central depositary, clearing and settlement operations • Small number of Brokers: 16

  8. Market entry considerations for SG • Look to complement local expertise with our global expertise (inbound, outbound) • Global window for CSD’s • Buy, Build or JV? • Size/Potential of market vis-à-vis cost of entry • Existence of a regional hub e.g. South Africa for Sub-Sahara • Existence of good custodians • Existence of SG in the market • JV is our Preferred solution when SG is not present or has capability in market

  9. Appendix: list of existing & proposed SGSS coverage in AMEDA • Existing • South Africa • Egypt • Morocco • Proposed • GCC • Algeria • North African states

More Related