PhillipCapital

Last updated
PhillipCapital
TypePrivate
Industry Financial services
Founded1975
FounderLim Hua Min
Headquarters
Number of locations
15 countries (Australia, Cambodia, China including Hong Kong SAR, India, Indonesia, Japan, Malaysia, Singapore, Spain, Thailand, Turkey, UK, UAE, USA and Vietnam)
Key people
Luke Lim (MD of Phillip Securities)
Linus Lim (CEO of Phillip Capital Management)
Teyu Che Chern (CEO of Phillip Nova)
ProductsPOEMS
Subsidiaries Phillip Securities
Website Official website

PhillipCapital is an investment and wealth management firm, [1] [2] founded in 1975. [3] It offers a wide range of products and services to individuals and institutional clients. It is headquartered in Singapore and operates in 15 countries including the financial hubs of Chicago, London, Tokyo, Hong Kong and Singapore. [3] PhillipCapital has more than US$35 billion in assets under management. [4] It manages retail and high net worth individuals, family offices, corporate and institutional customers. [4]

Contents

History

PhillipCapital was founded as a brokerage firm in 1975. [3] [5] In 1996, it introduced the first Internet trading platform in Singapore, POEMS. [3]

In August 2014, PhillipCapital Group bought Hwang-DBS Commercial Bank in Cambodia for US$ 40 million and rebranded it as Phillip Bank. It is the third-largest commercial bank branch network in Cambodia, after the National Bank of Cambodia and Ministry of Commerce (MoC) approved the merger between Phillip Bank Plc and Kredit MFI in 2020. [6] [7] [8]

In June 2020, the Australian arm of PhillipCapital Group was acquired by Sequoia Wealth Management. [9]

In June 2022, PhillipCapital co-lead the financing round for Singapore-based fintech Helicap. [10]

Awards and recognition

See also

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References

  1. Meixian, Lee (January 20, 2020). "PhillipCapital sets sights on new growth areas, diversification". Business Times (Singapore).
  2. Deva, Pranati (June 19, 2020). "Phillip Capital expects this merged firm to break into the top-5 IT companies in 2 years". CNBC TV18.
  3. 1 2 3 4 5 "PhillipCapital chairman named Businessman of the Year". The Straits Times. April 26, 2018.
  4. 1 2 "Malaysia's RHB Sells Singapore Stockbroking Business". Finews News. June 30, 2020.
  5. Voon, Alan (2012). Trading The China Market with American Depository Receipts How to Play Greater China with a Winning Edge. Wiley. p. 62. ISBN   9781118316023.
  6. "Singapore's Phillip Capital acquires Malaysian-owned Cambodian bank". Shanghai Daily. Xinhua News Agency. August 28, 2014.
  7. "Phillip bank gets final approval to merge". Khmer Times. February 3, 2020.
  8. Senase, T.; Rodriguez, Jose (August 11, 2020). "Phillip Bank: Bigger and better with digital transformation". Khmer Times.
  9. Simpkins, Sarah (June 3, 2020). "PhillipCapital exits Aus retail advice". Investor Daily.
  10. Staff, TechNode Global (2022-06-22). "Singapore's Helicap raises $5M from Tikehau Capital and PhillipCapital". TechNode Global. Retrieved 2023-01-12.
  11. Tan, Lorna (October 8, 2017). "PhillipCapital upbeat on market going forward". The Straits Times.
  12. "MENA Fund Manager Services Awards 2019". Qwoted.com.
  13. Shiao, Vivien; Lai, Leila (September 26, 2019). "BT journalists win big at Sias awards; DBS, CapitaLand Group lead the way in corporate governance". Business Times (Singapore).