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United Securities to push investment banking.
Bangkok Post (Bangkok, Thailand)
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April 04, 2005 |
COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
Apr. 4--United Securities plans to open six new branches nationwide and boost its investment banking operations later this year.
Jirayut Rungsrithong, the US managing director, said the company expected to advise seven or eight companies that were seeking to list on the Stock Exchange of Thailand this year.
The brokerage currently derives the bulk of its revenues from brokerage operations, and has a market share of around 3 percent of total SET trading turnover.
Mr Jirayut said the company hoped to expand its investment banking operations to help increase income as well as diversify risks from overdependence on brokerage fees.
Mr ...
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Source: HighBeam Research, United Securities to push investment banking.