Press release -
PhillipCapital Acquires Finansa Life Assurance
PhillipCapital (the “Group”) further expands its operations in Thailand through the acquisition of 97.9% of Finansa Life Assurance Co Ltd, which is converted into a public company effective 14 November.
Mr Lim Hua Min, Chairman of the Group, said, “PhillipCapital is a long-term player. We are confident of the economic growth of Thailand and life insurance. Therefore, we are in the position of contributing to the development and growth of the industry.”
Phillip Securities (Thailand) Public Co Ltd (the “Company”) started in 1998 and is the first stockbroker to offer internet and mobile stock trading platform among Thai investors through POEMS. The Company has since been growing progressively and remains as a major shareholder of IFS Capital Thailand, which is listed on the Securities Exchange of Thailand.
In line with the overall strategy of the Group, currently operating across 16 countries, Phillip Securities (Thailand) continues to introduce and expand its products and services to complement and support the country’s market growth.
Topics
- Economy, Finance
Categories
- thailand
- stocks
- insurance
- personal savings
Since 1975, PhillipCapital has grown as an integrated Asian financial house with a global presence that offers a full range of quality and innovative services to retail, corporate and institutional customers.
Our comprehensive suite of financial products and services includes fund management, managed accounts, unit trusts, insurance planning, regular savings, contracts for difference, exchange traded funds, investment research, equity financing, property; and broking in bonds, securities, futures, foreign exchange, precious metals and commodities. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions.
With more than 3,500 employees and over 800,000 clients worldwide, our assets under management totals to more than USD 22 Billion with shareholders' funds in excess of USD 1 Billion.
PhillipCapital (with headquarters in Singapore) operates in the financial hubs of 16 countries, with offices in Singapore, Malaysia, Cambodia, Indonesia, Thailand, Hong Kong, China, Japan, India, Sri Lanka, UAE, UK, France, Turkey, Australia and USA.
For more information on Phillip Securities (Thailand), visit www.phillip.co.th. To find out more about PhillipCapital, visit www.phillip.com.sg.
