INDIA: Latest Trends in International Finance - Sponsors
Gold Sponsor
DSP Merrill Lynch
DSP Merrill Lynch Limited (DSPML) is one of the leading wealth management, capital markets and advisory companies in India. Merrill Lynch & CO. holds close to a 90% stake in DSPML. DSPML offers a unique example of a fully integrated joint venture, which has been successful in providing seamless service and significant advantage for clients. Clients have access to the international expertise and technical knowledge of Merrill Lynch backed by the sound experience and expert market advice of DSPML.
Merrill Lynch is one of the world's leading wealth management, capital markets and advisory companies, with offices in 37 countries and territories and total client assets of approximately $1.5 trillion. As an investment bank, it is a leading global trader and underwriter of securities and derivatives across a broad range of asset classes and serves as a strategic advisor to corporations, governments, institutions and individuals worldwide. Merrill Lynch owns just under half of BlackRock, one of the world's largest publicly traded investment management companies with approximately $1 trillion in assets under management.
DSPML is the leading underwriter and broker for debt and equity, a strategic M&A advisor to corporations, governments, and institutions, as well as an investment advisor to high net worth clients in India. DSPML also reaches out to the domestic retail market via an extensive network of over 2,500 distributors across the country.
Headquartered in Mumbai, DSPML also has offices in New Delhi, Kolkata, Chennai and Bangalore. DSPML, originally called DSP Financial Consultants Ltd. (DSPFC), traces its origins to D. S. Purbhoodas & Co., a securities and brokerage firm with over 140 years of experience in the Indian market. Merrill Lynch, has been working together with DSP in India since 1984 and after a decade long partnership, After a decade long partnership, Merrill Lynch ("ML") in two stages took up a stake in DSPFC in 1995 & 1996 and the name was changed to DSPML in 1996 by when ML had a total stake of 40% in DSPML. Today ML holds a 90% stake in DSPML.
The firm has been recognized for its expertise in the Indian financial arena by highly respected independent international agencies. In 2005, Financeasia magazine voted DSP Merrill Lynch as the "Best Investment Bank" and "Best Equity house" in India. Additionally, DSPML was also named "Best Equity House" and "Best Domestic Equity House" by The Asset and Asiamoney magazine respectively. In 2006, DSPML was names Best Foreign Bank in India by FinanceAsia and Best Investment Bank in India by Global Finance Magazine.
Sponsor
Bombay Stock Exchange Limited
Bombay Stock Exchange is the oldest Stock Exchange in Asia with a rich heritage spanning three centuries in its 132 years of existence. Popularly known as BSE today, it was established as “The Native Share & Stock Brokers’ Association” in 1875.
It is the first Stock Exchange in the country to obtain permanent recognition in 1956 from the Government of India under the Securities Contracts (Regulation) Act 1956. BSE’s pivotal and pre-eminent role in the development of the Indian capital market is widely recognized. It migrated from the Open Out Cry System to an Online screen based order driven trading system in 1995. Earlier an Association of Persons (AoP), BSE is now a corporatised entity incorporated under the provisions of the Companies Act, 1956, pursuant to BSE (Corporatisation and Demutualisation) Scheme, 2005 notified by the Securities and Exchange Board of India (SEBI).
With demutualisation, the trading rights and ownership rights have been de-linked effectively. It is professionally managed under the overall direction of the Board of Directors. The Board comprises of eminent professionals, representatives of Trading Members and the Managing Director. The Board is inclusive and is designed to benefit from the participation of the market intermediaries.
Over the past 132 years, BSE has also facilitated the growth of corporates by providing them with an efficient access to resource mobilization. There is perhaps no leading corporate in India, which has not sourced BSE’s services in raising resources from the capital market.
The BSE Index, SENSEX, is tracked worldwide. It is an Index of 30 stocks representing 12 major sectors. It is India’s first stock market index that enjoys an iconic stature. The SENSEX has been constructed on a ‘free - float’ methodology. It is sensitive to market sentiments and more relatable to market realities.
BSE provides an efficient and transparent market for trading in equity, debt instruments and derivatives. The BSE’s On-Line Trading System (BOLT) is a proprietary trading system and is BS 7799-2-2002 certified. All the departments of the Exchange are ISO 9001:2000 certified.
BSE has a nation-wide reach with a presence in more than 400 cities and towns of India. The systems and processes are designed to safeguard market integrity and enhance transparency in operations.
The Exchange has a lot of ‘firsts’ to its credit. In a multi-linguistic country like India, BSE is the first Exchange to have websites in Hindi and Gujrati other than the English website. It has launched various other investor friendly initiatives like ‘Directors’ Database’ which provides a single point access to information on the board of directors of all listed companies of the exchange. It has successfully launched a single exchange-traded market for corporate bonds in India christened the ICDM or Indian Corporate Debt Market; a unique ticker-cum-screen aptly named ‘BSE Broadcast’, which enables information dissemination to the common man on the street.
The World Council of Corporate Governance has awarded the Golden Peacock Global CSR Award for the Exchange’s initiatives in Corporate Social Responsibility (CSR). The Annual Report and Accounts of BSE for the year ended March 31, 2006 have been adjudged the best in the ‘Service Sector’ category III of the ICAI awards for excellence in financial reporting.
For more details & information, please visit our website: www.bseindia.com.
Exhibitor
