NIMB Ace Capital marks 12 years in merchant and investment banking

KATHMANDU: NIMB Ace Capital, a subsidiary of Nepal Investment Mega Bank, celebrated its 12th anniversary in merchant and investment banking, on Thursday.

As a licensed Merchant Banker from the Securities Board of Nepal (SEBON), NIMB Ace Capital offers a comprehensive range of services, including Issue and Sales Management, RTS/RTA, Depository Participant, Securities Underwriting, and Portfolio Management.

NIMB Ace Capital has been leading its field, launching Nepal's first mutual fund scheme in 2014 and its first open-ended mutual fund in 2019. 

On the special occasion, CEO Shivanth Bahadur Pande expressed gratitude, stating, "Our success over the past 12 years is largely due to our valued customers and the support of regulators and other partners. This milestone wouldn't have been possible without the dedication and passion of our team. We remain committed to providing the highest returns on investment for our clients in the future."

The company manages five mutual funds with over Rs 10 billion in assets and has surpassed Rs 6 billion in Portfolio Management Services, marking its leadership in Nepal's financial sector. With over 4.15 million satisfied customers, NIMB Ace Capital serves as a share registrar for 57 public companies and has facilitated over 500,000 DEMAT accounts and 200 public issuances.

Chairman Sachin Tibrewal welcomed guests at the anniversary event. Nabaraj Adhikari, Executive Director of SEBON, and former Chief Secretary Bimal Koirala praised NIMB Ace Capital for its exceptional service and extended best wishes for future success.

Speaking at the ceremony, Adhikari emphasised the crucial role of the stock market in supporting the country's economic growth and reiterated SEBON's commitment to protecting investors' interests. He highlighted SEBON's efforts to address the concerns of fiscal management companies and regulate securities-related activities. Adhikari also praised the recent monetary policy unveiled by the central bank, particularly the removal of Rs 200 million cap on institutional share traders, aimed at making the stock market more vibrant.

Former Chief Secretary Koirala stressed the need for a secure and reliable stock trading system.

NIMB Ace Capital is also licensed by SEBON as a Private Equity and Venture Capital Fund Manager. It oversees NIBL Equity Partners, a private equity fund with a registered size of up to Rs 10 billion. NIBL Equity Partners has already invested over Rs 1 billion and is actively building a robust pipeline of future investments while preparing for additional fundraising.