Commercial First Trading Corporation Redefines its Position in Market Place with More Emphasis on Broker Dealer Services
Commercial First Trading Corporation Announces its move to withdraw from merchant banking services.
(PRWEB) March 14, 2009 -- Adapting to the changing landscape within the financial markets, Commercial First Trading Corporation has announced that it will withdraw from merchant banking services. While not suffering any significant negative exposure to debt related securities or toxic assets, Commercial First feels that its clients would be better served through its capacity as brokers. The company feels that it is well placed to offer clients value in services that make clients profit and not exposing them through corporate debt.
The company's chairman Mr. Hirano Kishikawa issued the announcement at a shareholders meeting held on the 27th of February 2009. The chairman stated that "considering that not a single major banking institution has managed to marry merchant banking successfully with their broker dealer services we feel that while only a small aspect of our company's bottom line it would still be better positioned to provide Broker Dealer services without the burden of further risk."
Employees of the company were informed by internal memo and while most of the activities were conducted by senior staff who handled the larger leveraged loan commitments, this change in the company's strategy will only lead to less than 5% redundancies as many of the related staff are suitably equipped to work within other divisions of the company.
Commercial First Trading Corporation feels that it is well placed to serve its clients. With Broker Dealing services as its core business, the company will also be better served through well earned fees on true profits rather than commissions raised through instruments of debt.
Commercial First Trading Corporation is a leading financial services firm offering a wide range of services within investment management and wealth management services. The company serves clients worldwide including corporations, institutions, and individuals.
# # #
Post Comment:
Trackback URL: http://www.prweb.com/pingpr.php/Q3Jhcy1GYWx1LVBpZ2ctRW1wdC1Db3VwLUNvdXAtWmVybw==
Bookmark -
Del.icio.us |
Furl It |
Technorati |
Ask |
MyWeb |
Propeller |
Live Bookmarks |
Newsvine |
TailRank |
Reddit |
Slashdot |
Digg |
Stumbleupon |
Google Bookmarks |
Sphere |
Blink It |
Spurl
|
