RHB disposes of Singapore stockbroking business to Phillip Securities

In a statement Monday, RHB said its wholly-owned subsidiary RHB Investment Bank Bhd has entered into a conditional share purchase agreement with Phillip Securities for the disposal of RHB Securities.

As such, under the proposed transaction, Phillip Securities will only be acquiring RHBSS’ stockbroking business. It added that the alignment of the capital markets and the wholesale business of RHB Bank, Singapore under one entity would allow RHB Banking Group to more effectively deliver its solutions to its targeted clients.

RHB Banking group managing director Datuk Khairussaleh Ramli said the internal transfer of the capital markets businesses from RHBSS to RHB Bank, Singapore is a natural move to enable us to provide a one-stop solution for our corporate clients.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

staronline /  🏆 4. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thailand to re-open bars, allow in medical, business travellersBusiness visitors from Japan, S. Korea, Singapore, China, Hong Kong with health certificates can skip quarantine. FMTNews Thailand
Read more »