Stockbrokers Malawi Ltd is the leading stockbroking firm in Malawi. Established in 1994, the company was instrumental in the establishment of the Malawi Stock Exchange and has been involved in every listing on the Malawi Stock Exchange.
SML is a registered Stockbroker under the provisions of the Securities Act, 2010, and its main business is to offer an agent only broking service to its clients wishing to invest in the money and securities market.
Its current shareholding structure is as follows:
* National Bank of Malawi 75%
* Imara Capital Limited 25%
To be the most sought after broker in the market by all clients, foreign or local.
We are in the financial services business, mainly to provide the best of brokerage services in equity trading and money market to local and foreign investors.
Chief Executive Officer
Noel Kazakumanja joined Stockbrokers Malawi Limited in April,2015.
He is a qualified member of Association of Chartered Certified Accountants (ACCA)and a holder of Bachelor of Bussiness Administration Degree from the University of Malawi.
Noel comes to SML with a total 10 years worthy experience which he got while working with Finance and Banking related institutions.
Finance & Administration Manager
David Magombo joined Stockbrokers Malawi Limited in February 2010 as Manager for Finance & Administration Services. Besides, he is the Compliance Officer of the company, a position where he reports directly to the Board of Directors whilst maintaining regular contacts with both the Reserve Bank of Malawi and Malawi Stock Exchange as regulators.
David is a very experienced accounting and investment professional with over ten years of working experience in similar positions at SR Nicholas and CDH Asset Managers Ltd. He has largely been involved in treasury management, Investments & portfolio administration services and human resources management. he is well positioned to providing financial advisory and feedback services to all our clients.
Equity and Money Market Dealer
Kondwani joined Stockbrokers Malawi LTD in March 2008.
He is currently working as Equity and Money Market Dealer.
He is a qualified Chartered Accountant with the Association of Chartered Certified Accountants ACCA and he is also a member of South African Institute of financial markets SAIFM.
Board of Directors
Mr George. B Partridge (Chairman)
Mr Harry Mukaka
Mr Macfussy Kawawa
Mr Mark Tunmer
George Partridge has been with National Bank of Malawi since September 1994; his entry position was Head of Treasury. Prior to this, he worked in various capacities at the Reserve Bank of Malawi for 11 years and his last position there was at Director level.
In 1996 he rose to the position of Head of finance and treasury and was promoted to be General Manager in 2002. In 2003 he was once again promoted to Deputy Chief Executive Officer. From October 2006, George took over as Chief Executive Officer of the bank.
George's other responsibilities apart from being Chairman of Stockbrokers Malawi Limited include Chairman of University of Malawi Department of Economics Advisory Board, Roads Fund Administration, Institute of Bankers of Malawi, director at Malawi Revenue Authority and Vanguard Life Assurance Company. He is also president of the Bankers Association of Malawi. George is a fellow of the Institute of Chartered Certified Accountants and is a certified public accountant (CPA). He holds a first degree in economics from the University of Malawi and a masters degree in finance from Southampton University.
Harry Mukaka is a senior member of National Bank of Malawi. As Head of Treasury and Financial Institutions since 2006 he has a wealth of experience and expertise. He holds an MBA (Financial Management) from the University of Exeter. He also has a BA (Public Administration) from the University of Malawi, Chancellor College. He has also attended various short course in treasury and risk management.
Mr. Kawawa holds Master of Business Administration degree from Oxford Brookes University and a Bachelor of Accountancy (Hons) degree from the University of Zimbabwe. He is a Fellow of the Association of Chartered Certified Accountants (FCCA) and a Certified Public Accountant (CPA). He is currently the General Manager and CFO for National Bank of Malawi. Before becoming General Manager he has served as the Bank's Chief Financial Officer and as Head of Operational Risk and Security for a total of eleven years. Mr. Kawawa has worked in the banking industry (in internal audit, finance and risk management) for the past 14yrs. Before joining the banking sector he worked in public accountants' practice for 8 yrs. Mr. Kawawa currently sits on the Boards of National Bank of Malawi (NBM), United General Insurance (UGI) Limited, Stockbrokers Malawi Limited (SML) and the Institute of Directors, Malawi.
Mark Tunmer has in excess of 20 years of advisory experience and has personally been involved in raising over USD450 million in Sub-Saharan capital markets through overseeing numerous listings, privatizations and rights issues on the regional stock exchanges. In addition, Mark has advised the Reserve Bank of Malawi on the establishment of the Malawi Stock Exchange, the Botswana Government on the establishment of the Botswana Stock Exchange and the formation of the Botswana Stock Exchange Act, Rules and Regulations and the Swaziland Government on the establishment of Swaziland Stock Exchange. Mark has participated and continues to be actively involved on various regional capital markets regulatory and related bodies. He is currently the Chief Executive Officer and director of Imara Holdings Limited, a company listed on the Botswana Stock Exchange. He is a former Chairman of the Zimbabwe Stock Exchange.
SML BANK ACCOUNTS
BANK NAME ACCOUNT NUMBER BRANCH NAME
National Bank of Malawi- 2291843 Victoria Avenue
Money Market Account
National Bank of Malawi- 1448102 Victoria Avenue
Share Trading Account