Overseas-Chinese Banking Corp. or OCBC (SGX:O39) is aiming to integrate its securities business under its stockbroking subsidiaries into the bank's Global Markets division, effective July 1, according to a company release on Wednesday.
The move has been made to leverage its securities capabilities to serve a major chunk of customers across the group.
The stockbroking subsidiaries include OCBC Securities, OCBC Securities Brokerage (Hong Kong), and PT OCBC Sekuritas (Indonesia).
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.