FDH Financial Holdings Limited

FDH Financial Holdings Limited (FDHFHL) is a diversified investments and financial solutions centre with interests in Banking, Discount House Operations, Forex Bureau operations, as well as Investment Management and Advisory Services. FDHFHL was established in November 2007 as part of the group restructuring to replace First Discount House Limited (FDH), as the holding company of the FDHFHL Group. FDH was incorporated in accordance with the Companies Act on 8 March 2000 and commenced operations on 8 April 2002. The company was established in 2000 through a partnership that included Dr. Thomson Mpinganjira, a respected local businessman and the first Managing Director of the Company, Press Corporation Limited, Old Mutual Life Assurance (Malawi) Limited and Kingdom Financial Holdings Limited of Zimbabwe. FDHFHL’s current Shareholding structure effective January 2012 is as follows: - M. Development Limited - 55.00% - Old Mutual (Malawi) Limited - 40.00% - FDH ESOP Limited (Employees Share Ownership) - 5.00% FDHFHL was granted a licence by Reserve Bank of Malawi in October 2009 to operate as professional investment advisors in Malawi. The scope of the advisory work ranges from advisory on investment portfolio management, capital raising structures such as bond issuance, commercial paper structuring and issuance, loan syndication, Due diligence, Corporate valuations, Public and Private equity Placements as well as Initial Public Offer (IPO) lead advisory services among others. On 2 July 2015, FDH Financial Holdings Limited successfully acquired 75% ownership of Government owned Malawi Savings Bank together with its subsidiary MSB Forex Bureau Limited. One year later, on 1st July 2016, FDH Financial Holdings Limited completed the merger of FDH Bank Limited and Malawi Savings Bank Limited (MSB) into the merged bank called FDH Bank Limited. The merger of the two Banks also resulted in the merger of FDH Money Bureau Limited and MSB Forex Bureau Limited. The merged Bureau de Change is FDH Money Bureau Limited FDH Financial Holdings currently wholly owns the following subsidiaries: 1. First Discount House Limited (FDH): commenced operations April 2002 2. FDH Bank Limited (FDHB): Licensed 27 November 2007, operations commenced on 15 July 2008 and 3. FDH Money Bureau Limited(FDHMBL): commenced operations 1 February 2009 FDH prides itself in the quality of its services, which has created a formidable reputation for itself in all its business arms.