Kim Eng Holdings, Asia’s leading securities & investment broker, has opened its first retail investor centre in Singapore’s nex @ Serangoon Central, allowing investors to access the company’s stock broking services in a comfortable location.
“We are looking to grow our client base by 20 percent in the next three years and opening this investor centre is part of our retail growth strategy, said Ronald Ooi, CEO of Kim Eng Holdings.
“The retail customer has been at the core of our business across Asia throughout our history and we will constantly innovate and reach out to this group of customers,” he added.
This comes after the company secured a strategic partnership with Inter-Pacific Securities of Malaysia about three months ago.
In August, the company said they “mutually agreed to discontinue discussion on a possible strategic investment”, but on November 26, it said it would acquire a 70 percent stake in a special purpose vehicle (SPV) set up to hold Interpac Securities Group’s stock broking operations and other related businesses in Malaysia.
“Malaysia has always been an important and relevant market for us and our clients,” said Mr. Ooi.
Interpac Securities has over 500 dealers and staff and owns a 49 percent stake in SaigonBank Berjaya Securities Joint Stock Company, a stock broking firm in Vietnam.