Barely a day after The Business Times reported that DBS would transfer its retail equity trading under DBS Vickers to the bank by year-end, four leading brokerages in Singapore jumped into action and placed recruitment notices to woo these affected remisiers into joining their teams.
"So, do spread the news out to your friends that OSPL is still hiring and growing our business," the e-mail said. The brokerage said it expects its professional equity sales dealers to manage their own portfolios of clients and assist them in equities dealings and investments in other financial products, as well as to build relationships, among other things.
Another said:"There were no answers as to what would happen to the trading accounts that do not fall under the wealth platform."
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