Fo­cused on ex­cel­lence

Financial Mail - - DIAMONDS & DOGS - @jamiecarr

It is not un­com­mon, when two or three mar­ket watch­ers gather to­gether, to com­pare listed eq­ui­ties to styles of mat­ri­mo­nial con­ju­ga­tion. And there’s lit­tle doubt that PSG Kon­sult would ap­peal to those who opt for the deep, deep peace of the dou­ble bed rather than the hurly-burly of the chaise-longue.

It may not have the head­line-grab­bing rocket fuel of some of its sta­ble­mates, but you’re also un­likely to wake up to find it’s done a mid­night flit and scarpered with your wal­let and all the more eas­ily trans­portable items from your art col­lec­tion.

Its in­terim re­sults tell the story that de­spite an econ­omy that’s about as lively as a night out in Jed­dah, and fi­nan­cial mar­kets that did all they could to trip up the un­wary, PSG Kon­sult still man­aged to knock out earn­ings that are up 18% on the back of strong in­flows into its wealth and as­set man­age­ment busi­nesses. Its in­surance busi­ness is also grow­ing strongly, hav­ing taken the de­ci­sion to avoid the per­sonal-lines side of the mar­ket and get stuck into the com­mer­cial sec­tor, ser­vic­ing small and medium-sized en­ter­prises.

The com­pany’s fo­cus re­mains on de­liv­er­ing ex­cel­lent ser­vice to its client base, and on con­tin­u­ing to do all it can to gen­er­ate top quar­tile risk-ad­justed re­turns on the as­set man­age­ment side.

This is clearly a lot eas­ier to say than to con­tinue to de­liver year af­ter year, but PSG Kon­sult has a long-term track record to sug­gest that any­body stick­ing loot with them will be in safe hands, and there’s a lot to be said for that as we move into un­set­tled times.

You’re un­likely to wake up to find that it’s done a mid­night flit and scarpered with your wal­let

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