WISE
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About Us

 

 

Introduction

Established in 1964, West Indies Stockbrokers Limited (WISE), with an average market share of 25% (2001-2010), is the oldest and largest brokerage firm in Trinidad & Tobago. WISE currently manages in excess of TT$10 billion for over 10,000 clients and is a wholly owned subsidiary of RBC Financial (Caribbean) Limited.

WISE offers a broad range of services to private clients, small businesses, institutions and corporations throughout the region. We take pride in our capabilities, dedicated team and consultative approach to partnering with our clients to create optimal solutions to meet their investment needs.

From the moment you become our client, you will receive the highest calibre of professional service. Whether you are new to investing or a seasoned professional, our goal is to help you make the best investment decisions for achieving your financial goals at a level of risk you’re comfortable taking.

With a team of financial experts with over 100 years experience, WISE is well positioned to offer its private and corporate clients an unparalleled level of service in any area of the financial markets, including:

Broker-Dealer Activities in:

 

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Achievements

As the most experienced firm of stockbrokers in Trinidad and Tobago – especially in the area of capital market transactions – WISE has made many impressive achievements including:-

1)   Take-over Engagements, Offer to Purchase

Since 1990, we have handled, either individually or jointly, take-overs of the following companies.

Date

Company

April 1990*

Take-over of Caribbean Development Co Ltd by McEnearney Alstons Limited

April 1990

Represented Valpark Shopping Plaza Ltd, which was being taken over by Colonial Life Insurance Company ( Trinidad) Ltd (CLICO)

August 1990

Take-over of Crown Life (Caribbean) Ltd by Guardian Life of the Caribbean Limited

December 1990*

Take-over of Home Construction Ltd by CLICO

June 1991

Take-over of Valpark Shopping Plaza Ltd by Home Construction Ltd

August 1991

Take-over of T Geddes Grant Ltd by CLICO (subsequently withdrawn)

July 1992*

Take-over of T. Geddes Grant by Neal and Massy Holdings Ltd

December 2006 CIBC Investments (Cayman) Limited Offer to Purchase all the outstanding common shares of FirstCaribbean International Bank Limited

* Jointly handled with another broker 

 

3)   New Share Issues

Since 1990, we have handled individually the following new issues:

Date

Company

Shares

April 1991

Caribbean Communications Network Ltd

7.5M shares at $1.10

December 2002

B WIA ( West Indies) Airways Limited

12 M shares at $7.85

December 2002

Sagicor Financial Corporation

85 M Shares at Bds$1.75

August 2006 One Caribbean Media Limited 3M Shares at $20.00

 

4)   Offer For Sale

Date

Shares

Company

January 1990

Trinidad Cement Limited

21M shares at $0.85

June 1995

National Flour Mills Limited

12.02M shares at $2.10

November 1996

National Flour Mills Limited

9.015M shares at $2.50

February 1999

Prestige Holdings Limited

15M shares at $2.60

February 2001

National Enterprises Limited

50M Shares at $4.00

September 2002

National Enterprises Limited

75m Shares at $4.75

 

5)   Rights Issues

Date

Company

Shares

July 1992

Flavorite Foods Limited of 1.5M ordinary shares

1,500,000 

May 1994

The Royal Bank of Trinidad and Tobago Limited
1:3 Rights Issue

22,298,196 

July 1994

Angostura Holdings Limited
1:5 Rights Issue

10,418,097 

September 1995

Caribbean Communications Network Limited
1:2 Rights Issue

17,500,000 

May 1995

The Royal Bank of Trinidad and Tobago Limited
2:7 Rights Issue

25,483,652 

November 1998

RBTT Financial Holdings Limited
2:13 Rights Issue

22,681,305

June 2000

Trinidad Cement Limited
1:5.2 Rights Issue

40,284,699

June 2001

Guardian Holdings Limited
2:13 Rights Issue

19,373,077

November 2002

FirstCaribbean International Bank Limited
5:12 Rights Issue

58,674,509

June 2003

PLIPDECO
1:2 Rights

13,208,561

June 2005

Guardian Holdings Limited
1:19 Rights Issue

10,000,000

 

6)   Cross-Listing

Date

Company

April 1999

Barbados Shipping and Trading Company Ltd

 

7)   Corporation Sole

We were appointed by The Corporation Sole - Minister of Finance to sell Government’s remaining holding of shares in Trinidad Cement Limited in September 1998 (18,200,000).

 

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Directors, Executives and Principal Officers

 

Board of Directors

  • Richard Downie (Chairman)
  • Andy Jogie
  • Jesus Pazos

 

Executives and Principal Officers

Adrian Manmohan – Head

Mr. Manmohan has over twelve years experience in the financial services sector. Ten of those years have been at WISE where he moved from an Investment Analyst to his current position of Head. He also spent two years as Manager of Investment Services at ANSA Merchant Bank Limited.

Mr. Manmohan is responsible for all trading and back office operations of WISE. This includes local equity, international equity and fixed income. He ensures that the operations of the Company are efficient, timely, relevant and within the confines of the law while providing a superior level of service to all clients.

Mr. Manmohan holds a BA in Economics from Mc Master University, Canada and has completed the Canadian Securities Course (Honours) and Level 2 of the Association of Chartered Certified Accountants (ACCA) Program.

 

Trader

Salma Ali – Trader

Salma Ali joined WISE in April 1998. She filled the post of Assistant Accountant before being promoted to Accountant in 2001, when she completed her ACCA accreditation. In June 2005, Ms. Ali took on a new challenge at WISE and became the Local Equity Trader, a post she currently holds to date.

 

 


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