Landmark deal boosts trading value to over 200 billion baht and strengthens its position in Thailand’s securities market.
Phillip Securities (Thailand) Public Company Limited, also known as PhillipCapital Thailand, has acquired RHB Securities (Thailand) Public Company Limited in a significant merger. This deal is expected to double Phillip Securities’ market share, with trading value surpassing 200 billion baht, while increasing revenue by over 50%.
The acquisition marks a major milestone in Phillip Securities’ 26-year history in Thailand, enhancing service capabilities and expanding the customer base despite challenging market conditions. The combined resources will improve operational efficiency, grow the Financial Advisor network, and expand securities trading services across 20 global markets.
Strengthened Foundations for Growth
Cameron Payne Frazier, Chief Executive Officer of Phillip Securities, highlighted the alignment of this acquisition with the company’s growth goals. He described the deal as an opportunity to broaden the range of products and reach more customers effectively.
Executive Director Sanupong Suthadtumakul underscored the strategic benefits, stating that the merger would strengthen the Financial Advisor network and enhance service efficiency, investor relations, product development, and technology adoption.
A Global Leader in Investment
Phillip Securities (Thailand) operates as part of the Singapore-based PhillipCapital Group, established in 1975. The group manages assets exceeding US$50 billion, serves over 1.5 million clients worldwide, and holds shareholders’ funds of more than US$2.5 billion.
Since 1998, Phillip Securities has provided a wide range of investment services in Thailand, catering to both local and international investors. Its offerings include stocks, derivatives, mutual funds, and other financial products, supported by advanced technology.
For additional details, visit www.phillip.co.th.
