Beharry Stockbrokers Limited was founded on 12th March 1993 by the late Chairman Mr. Edward B. Beharry. The source of business financing was limited to borrowing from local financial institutions, namely Commercial Banks which engage in short term financing. Sensing the need for longer term funds to stimulate growth, trading in shares, developing the bond market, underwriting and development of non-traditional instruments BSL became the pre-cursor to these new activities.
Beharry Stockbrokers Limited (BSL) is part of the Beharry Group of Companies established since 1935 which comprises some of the most established and progressive businesses in Guyana and the Region. It’s operations now include Commercial and Merchant Banking, Food Manufacturing, Margarine, butters, ice-creams and detergents, Insurance life, fire, motor, marine and general, and Automotive interests.
What Is The Beharry Group?
The Beharry Group is a family business started six decades ago as a humble operation with just three employees. Today, staff population has grown to over 1500 persons. Continuing in the family tradition, three generations of Beharry’s now manage this conglomerate. Family pride may have a lot to do with the continued success of the organization as the Beharry name is literally always on the line, in every product and service offered to the public.
BSL pioneered the call exchange in Guyana trading in over $3 billion (USD $15 million) in stocks since its inception. The services of BSL were utilized in the acquisition of GBTI Guyana’s second largest commercial bank. The company has a combined 60 years of experience in the International, regional and local financial markets, and stands ready to share this experience with clients.
Tip: BSL is Guyana’s first Stock broking Company and founding Members of the Guyana Association of Securities Companies & Intermediaries (GASCI) (The Guyana Stock Exchange).
What Is GASCI?
GASCI is the abbreviation for The Guyana Association of Securities Companies and Intermediaries Inc. This company is the local stock exchange that organizes and supervises the stock market in Guyana.
GASCI consists of four member firms which trade (i.e. provide broker services for customers who wish to buy and sell shares) on the stock market and these are Trust Company (Guyana) Ltd, Guyana Americas Merchant Bank Inc, Beharry Stockbrokers Ltd and Hand-in-Hand Trust Corporation Inc (formerly GNCB Trust Corporation Inc). Trust Company (Guyana) Ltd, Beharry Stockbrokers Ltd and Hand-in-Hand Trust Corporation Inc are also represented on the Board of Directors of GASCI. The member firms of GASCI are registered as Brokers with the Guyana Securities Council.
What Is The Purpose Of A Stock Market?
A stock market allows owners of stocks and shares to dispose of them at a fair price, it allows new investors to buy them at a fair price and it allows companies to sell new shares to finance the growth of their business. Most new investments are by or for people saving up for their retirement. People buy stocks and shares with the expectation that they will be able to sell them again, unlike companies who generally issue stocks with no expectation of having to buy them back. This means that older people selling their shares when they retire have to dispose of them, not to the companies that issue them, but to younger people who are building up their savings. This process cannot take place unless there is a reliable market place in which to buy or sell. Another benefit of the exchange is that it provides a basis for valuing businesses, whether for the purpose of stock trading, or for establishing credit with banks and other lenders, or for negotiating mergers and acquisitions.
In the context of Guyana, the total volume of savings in Guyana is quite high, but it is held mainly in cash or short-term bonds. This can be mobilized via the stock market to finance the growth of the economy through purchase of new shares issued by companies, savers would have a better return on their savings and the economy would grow. This will facilitate investment since the effect of raising capital on the exchange reduces the cost of borrowing.
Location & Contact Information
- Address: 191 Wellington & Charlotte Street, Lacytown, Georgetown, Guyana, South America
- Telephone: (592) 227-2526, 227-1349, 225-0632-5, 227-1349
- Fax: (592) 225-6062
- Email: [email protected]/ [email protected]
- Website: www.beharrygroup.com
Beharry Stockbrokers Limited In Guyana
BSL Board of Directors:
- Suresh Beharry – Chairman
- Edward Anand Beharry — Vice Chairman
- Paul Cheong – Director
- Mr.Rabindranauth Beharry – Director
- Indergeet Beharry — Director
Team Members:
- Jairam Ramjeawan – Marketing Rep (Floor Trader)
- Hemaindra Persaud — Financials and Account Maintenance/ Marketing Rep (Floor Trader)
Guyana is privileged to have the Beharry Stockbrokers Limited (BSL) which was founded in 1993. BSL is part of the Beharry Group of Companies established since 1935. BSL is Guyana’s first Stock broking Company and founding Members of the GASCI (The Guyana Stock Exchange). GASCI is the abbreviation for The Guyana Association of Securities Companies and Intermediaries Inc. This company is the local stock exchange that organizes and supervises the stock market in Guyana. GASCI consists of four member firms which trade on the stock market and these are Trust Company (Guyana) Ltd, Guyana Americas Merchant Bank Inc, Beharry Stockbrokers Ltd and Hand-in-Hand Trust Corporation Inc (formerly GNCB Trust Corporation Inc).
Article References:
- https://www.gasci.com/gascimembers/bsl.htm
- https://beharrygroup.com/
- http://21expressions.com/gasci/gse/about-us/
