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Derivatives broker to expand into stockbroking, corporate finance

Published on May 5, 2014 4:20 PM

SINGAPORE - KGI Ong Capital, a derivatives broker formed by the merger of two other firms, aims to expand into corporate finance and securities broking, and has applied for licenses in these fields.

These plans were unveiled on Monday in a statement by the firm, and a briefing helmed by two of its executives.

"We have the advantage of better economies of scale, than if we were individually operating by ourselves," said Mr Foong Hock Meng, co-chief executive of KGI Ong Capital.

"We have clients that are sometimes single product or with two products. With a bigger suite of product offerings within the group, we can do more with each client."

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