FINANCE
At SCB, securities arm taps parent bank
- Published: 19 Oct 2012 at 00.00
- Newspaper section: Business
SCB Securities expects to become a top-three broker by 2015 by using the network of its parent company to expand its retail investors base.
SCBS, a subsidiary of Siam Commercial Bank (SCB), will tighten cooperation with the parent in a bid to approach its 12 million deposit accounts at 1,126 branches about offering its investment services in the stock market.
M.L. Thongmakut Thongyai, SCBS's chief executive, said the brokerage is targeting 5,000 new retail investor accounts next year on top of the present 30,000.
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