A N N U A L R E P O R T G R U P O S E C U R I T Y ... - Banco Security

V O L U M E S T R A D E D & M A R K E T S H A R E
BILLIONS OF PESOS OF DIC-08
VOILUMES TRADED
MARKET SHARE
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
2001 2002
2003
2004
2005
2006
2007 2008
4.5%
4.0%
3.5%
3.0%
2.5%
2.0%
1.5%
1.0%
0.5%
0.0%
Asesorías Security S.A.
SOURCE: GRUPO SECURITY Y AAFM
Asesorías Security was formed in 1993 to act in the trading of futures, commodities and currencies. At the beginning,
the trading was carried out with the American company Dean Witter Reynolds, which later merged with Morgan
Stanley, with which the business of distribution of investment products for institutional clients was developed and
expanded.
The client portfolio of Asesorías Security currently includes pension fund managers, mutual fund managers and life
insurance companies. In 1997, in view of its strong role as investment adviser, the company changed its name to
Asesorías Security S.A.
The company today has more than 16 years’ experience in both the domestic and international markets, with the
backing of a team of highest-level professionals with a solid experience in the asset management business and with
a broad knowledge of the different markets.
In providing its services, the company has an important network of contacts, directly or through its subsidiary Global
Asset Advisors, which includes financial institutions like investment banks, brokers and asset managers. This has
enabled it to build stable and reliable relationships, providing a top-class service.
Asesorías Security S.A. produced a net income of Ch$ 71 million in 2008.
Securitizadora Security S.A.
Securitizadora Security produced a loss of Ch$ 402 million in 2008. On August 14, 2008, Grupo Security bought the
shareholdings in this company of GMAC-RFC Chile Inversiones Ltda. and Residencial Funding Corporation. As a result,
Securitizadora Security GMAC-RFC changed its name to Securitizadora Security and Grupo Security became the
holder of 99.98% of its share capital.