Neilson Capital announces Phase 3 of its Management Agenda

April 03, 2014 | April 2014 Bond Updates

Neilson Capital today announces the launch of 'Phase 3' of its management agenda. Dean Abbott, Chairman of the Management Board, presents this new phase at an Investor Conference in Hong Kong.

(1888PressRelease) This follows successful completion of Phases 1 and 2 of Neilson Capital's management agenda, which was launched in 2005. Phase 1, which involved refocusing the business, was completed in 2008. Phase 2, which focused on growth and achieving 25% pre-tax return on average active equity, was completed in 2011.

Neilson Capital's Phase 3 contemplates pre-tax profit of $8.4 million in 2011, while reaffirming the firms stated financial targets of 25% pre-tax return on equity and double-digit earnings per share growth over-the-cycle.

Neilson Capital's Director of Operations and Finance, Mr. Alistair Neilson said: "We will aim to accelerate profitable growth by expanding our 'stable' businesses in Private Clients and Asset Management and Global Transaction Banking, whilst at the same time building on our competitive edge in Corporate and Investment Banking. Our recent acquisitions prove our determination to expand our franchise. We will invest further, both in incremental acquisitions and in organic growth, while maintaining our cost, risk, capital and regulatory discipline."

At the Investor Conference, the Group's business heads, together with the Chief Financial Officer and Chief Risk Officer, will give further details of the financial and strategic objectives of Phase 3 of the Management Agenda at Neilson Capital.

Neilson Capital was founded by our 4 Senior Directors; Brothers Richard Neilson (Managing Director) and Arthur Neilson (Director of Operations and Finance), together with Michael Tsang (Director and Head of Treasury) and Francis Knight (Director of Risk and Compliance).

Neilson Capital opened in January of 1997 in Hong Kong with nearly 100 years of operational investment experience within our four founding fathers alone and the company has blossomed ever since. Their experience alone affords a deep expertise and previously proven ability and know-how in providing high-class offshore wealth management services to private retail investors, high-net-worth individuals and families. This was an invaluable foundation on which the company has been built on and continued to flourish to this day.

After the economic collapse in late 2008 we had to reassess our business model despite not being directly affected as unlike many of our competitors we had no exposure to sub-prime investments. We did however start actively seeking private retail investors who wanted the same levels of service, solid returns and access to otherwise traditionally been the preserve of institutions, sovereign wealth funds and family trust. At this time we also changed the name of our firm from Neilson, Neilson, Tsang and Knight & Company to Neilson Capital.

As part of our expansion, we have added branch offices in Shanghai (2009), Taipei (2010) and Tokyo (2013) following acquisitions of regional firms with an established footprint in these important markets.

From this proactive approach, Neilson Capital have steadily grown our private retail investor division with it now accounting for nearly 60% of our overall business and growing. The majority of this growth has been down to word-of-mouth business which is a fact that we are very proud of and testament to the quality of service we provide each and every one of our clients no matter who they are.

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