Focused on excellence
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