CEO Master Club Investment Plc, a company licensed as a fund manager by the Securities Exchange Commission of Cambodia, was officially launched on Monday.
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In April, the company became the first company in Cambodia to receive a fund management licence from SECC, thus becoming authorised to raise funds for the public for investment projects.
CEO Master Club is also Cambodia’s first business coaching and networking platform, Om Seng Bora, the president and CEO of the company, said during Monday’s launch.
Mr Seng Bora said Cambodia’s rapid economic growth is creating plenty of investment opportunities for local people, who should consider co-investing in sectors that are now mostly dominated by foreigners.
“CEO Master Club Investment Plc aims to assist local and small and medium-sized enterprises and entrepreneurs gain access to new sources of capital for their projects or business expansion,” he said.
“At the same time, it allows the public to invest in any projects with complete confidence as we are operating under the law and are controlled by SECC,” he said. “Already a lot of entrepreneurs have requested our services for business expansion.”
Presiding over the launch, Sou Socheat, SECC director-general, said that companies like CEO Master Club offer a much safer way of investing in joint-venture projects, adding that the public should be aware of unlicensed companies that offer similar services promising high returns.
“This fund management company operates under the law and is managed by the Securities Exchange Commission of Cambodia. Those who have some extra money and don’t know how to invest it, I recommend that they use a fund management company,” he said.
Last month, SECC warned the public against collective investment schemes that promise high dividends but have not received regulatory approval. SECC also called for the victims of these schemes to file a complaint with local authorities.