FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT APRIL 2009
IS INVESTMENT
IS Investment provides a wide array of
financial services to local and foreign
investors.
Ilhami Koc
General Manager
IS Investment provides a wide array of financial
services to local and foreign investors including
brokerage of equities, fixed income and
derivative products; investment advisory; asset
management; public offerings, M&As,
privatization advisory, restructuring & strategic
planning, and private equity.
IS Investment was established as the
investment banking arm of Isbank, Turkey’s
largest private bank, over a decade ago and
has since developed into Turkey’s largest
investment house and has played a distinctive
role in the development of the capital markets.
Now working with over 339 employees, IS
Investment remains committed to creating a
corporate culture with an emphasis on long
term value.
What sets IS Investment apart from its rivals is
its business model. Since its inception, IS
Investment has proven itself not only as a
brokerage house but as an investment house
capable of operating in all segments of the
capital markets. The investment house
provides a wide array of financial services to
local and foreign investors, including
Brokerage, Investment Advisory, Asset
Management, Corporate Finance and
Research. IS Investment has 70% equity stake
in Turkey’s largest asset management
company; IS Asset Management, 29.01%
equity stake in Turkey's largest and the first
publicly traded private equity company, IS
Private Equity and owns Maxis Securities Ltd,
its full FSA licenced subsidiary in London.
The wide corporate, foreign institutional
and individual client base in Turkey provides
IS Investment with a unique competitive edge.
As the only investment house traded on the
Istanbul Stock Exchange (ISE), IS Investment
(ISMEN) represents more than 1/3 of the total
assets in its sector and was granted with a
credit rating of 'AAA(tur)' with Stable Outlook by
Fitch Ratings.
Leading position in brokerage services and
strong track record in offerings and placements
differentiate IS Investment among its
competitors. With 7 branches and 3
representative offices, 2 domestic
representative offices and one in Almaty-
Kazakhstan, it has a strong and widespread
distribution network through the agency of
more than 1000 Isbank branches.
Full Range of Investment Banking Services
Brokerage
Investment Advisory
Asset Management
Corporate Finance: IPOs, M&As, Strategic Planning
Research
Widest Client Base
Largest domestic network – more than1000 Isbank branches are
our agent
4,100 high-net-worth individuals
565 corporate clients
340 foreign institutional clients
Largest assets under management
TRY 7.2 bn mainly through subsidiary Is Asset Management
Volume Leader
#1 in Stock Market
#2 in Bonds Market*
#1 in Derivatives – TurkDEX
#1 in Eurobond Transactions*
*among brokerage houses
Shareholders Equity
TL 272.7 Million
Only Listed Investment House in ISE
Went public with Mcap US$250 Million
Only Brokerage House with Credit Rating
National Long-Term AAA (Tur) / Stable Outlook by Fitch Ratings
PAGE 12
IS Investment’s large and commanding
presence in the Turkish capital market is
reflected in its transaction volumes, ranking
first not only in the ISE since 2003, but also in
the Turkish Derivatives Exchange (TurkDEX),
since the foundation of the market in 2005. A
pioneer in the use of technology and new
tools, IS Investment also plays a leading role
on the development of electronic trading in the
Turkish Capital Markets. As the first FIX
compliant DMA provider, IS Investment
supports almost all connectivity networks with
in-house developed FIX protocol and other
advanced systems.
With its strong Research team, IS Investment is
the leader in the Turkish capital markets; The
Research issues regular reports of companies
representing 81% of the total market
capitalization of the stock exchange. The hand
picked recommended portfolio, composed of
stocks deemed to offer the most attractive
upside potential, outperformed the ISE-100
index in 2008.
FACTS AND FIGURES
Date of Establishment
Paid-in Capital
Assets (as of 2008)
Free-Float
Branches December 18th,1996
TL 119,387,000 / USD 78.9 Million
TL 1,444,069,707 TL / USD 1.5 Billion
27.86%
Akaretler, Ankara, Izmir, Kalamis, Maslak
Yeniköy,Yesilköy
Representative Office Levent, Suadiye (Istanbul),
Almaata (Kazakhstan)
More than 1,000 Isbank branches
Agents
Ownership Structure*
Isbank
Is Factoring
Is Leasing
Sisecam
Camis Investment Holding
Free Float
65.66%
2.43%
2.43%
1.45%
0.17%
27.86%
Subsidiaries* IS Investment's Share
Maxis Securities Limited
100.00%
Camis Investment
99.80%
IS Asset Management
70.00%
IS Investment Trust
29.12%
IS Private Equity
29.01%
TurkDEX
6.00%
* Subsidiaries in which IS Investment has more than 5% shares. IS Investment has also
shares in Emerging Enterprises Markets, Is REIT and Yatirim Finansman Securities